Cargill said this week that it is “on a transformative path to strengthen financial performance” after reporting a $19 million adjusted operating loss for the fourth quarter, which compared to a $230 million profit in the prior period. On a U.S. generally accepted accounting principles (GAAP) basis, net earnings were $15 million, versus a $51 million loss in last year's fourth quarter.
The company also reported that fourth-quarter revenues dipped 5% to $27.1 billion.
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