CHS earnings fall sharply year over year

Company attributes decline to economic down-cycles in agriculture and energy sectors.

CHS recently reported net income of $235.5 million for the financial period from Sept.1, 2015, through Feb. 29, 2016, reflecting a 50% decline from net income of $471.5 million for the first six months of fiscal 2015. The lower earnings were attributed to the economic down-cycles in the agriculture and energy sectors, which have resulted in reduced commodity prices and lower margins globally. CHS said all of these factors combined have significantly reduced its profitability.

Reven

All access premium subscription

This content requires a subscription to Feedstuffs in order to access. If you are a paid subscriber, use your email and password to Log In now.


Current Feedstuffs Subscribers: Online and mobile access are now included at no charge to you. To read this article, use your subscriber email and password to log-in to your account (or contact us for assistance in updating your account.)


Not Currently a Subscriber: Subscribe NOW to Feedstuffs and receive our print and/or digital publications, enewsletters and premium online content. Visit Feedstuffs.com and click on Subscribe at the top of the page for more information.


SUBSCRIBE NOW https://circulation.feedstuffs.com/Publications.aspx


TO RENEW YOUR SUBSCRIPTION https://circulation.feedstuffs.com/SubscriptionOffers.aspx


Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish