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ADM quarterly profit slumps 27 percent on GrainCorp charges

2014-02-04 14:13:57| Agriculture - Topix.net

U.S. agricultural processor Archer Daniels Midland Co on Tuesday said fourth quarter earnings fell 27 percent, largely due to charges relating to its failed acquisition of Australian grain handler GrainCorp. For the quarter ended Dec. 31, ADM earned a net profit of $374 million, or 56 cents a share, compared with $510 million, or 77 cents a share, ... (more)

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