Monsanto Co. said Tuesday that it expects to more than double its fiscal 2007 gross profit by 2012 by executing a strategy that delivers increased productivity and yield to farmers. The company's chairman, president and CEO, Hugh Grant, will include that in remarks as part of a presentation at the Sanford Bernstein 2008 Strategic Decisions Conference in New York later this week, the company said.
Monsanto reported a gross profit of $4.29 billion in fiscal year 2007 ended Aug. 31. The company's net income for the period was $993 million.
"We also plan to launch three new game-changing platforms through 2012," Grant said in a statement.
The company said in a release that Grant will also emphasize how boosting yield-per-acre can make a meaningful difference in this supply-demand environment.
"Getting more yield from the land already in production today is the most viable solution," Grant said.
St. Louis-based Monsanto Co. (NYSE: MON) develops insect- and herbicide-resistant crops and other agricultural products.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment