Cargill posts positive Q1 results

Cargill posts positive Q1 results

DESPITE challenging commodity markets, Cargill reported net earnings of $512 million for its fiscal 2016 first quarter, a 20% increase from net earnings of $425 million reported during the year-ago period.

Adjusted operating earnings in the first quarter ended Aug. 31, 2015, were $611 million, compared with $619 million in the same period a year ago. Revenues decreased 17% to $27.5 billion from $33.3 billion during the same period last year.

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