Monsanto expects gross profit to double by 2012
Tuesday May 27, 10:25 am ET
Monsanto expects to more than double 2007 gross profit by 2012 by boosting yield, productivity
NEW YORK (AP) -- Monsanto says it still expects its gross profit to more than double by 2012 by increasing productivity and yields to farmers.
In 2007, the company's gross profit was $4.29 billion. If the company can double that number, its gross profit will reach about $8.5 billion by 2012. Gross profit is the difference between income and the expenses directly attributed to it.
St. Louis, Mo.-based Monsanto Co. says it will emphasize the benefits of boosting yield-per-acre to increase its profit at the Sanford Bernstein 2008 Strategic Decisions Conference Wednesday.
Chief Executive Hugh Grant will give investors details of its growth strategy during the investor presentation.
Monsanto shares fell $3.69 to $117.76.
Source: Associated Press
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