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Syngenta Reports Rise in Earnings, Is More Cautious on 2009

9:44 AM MST | February 6, 2009 | Kara Sissell

Syngenta says 2008 net income rose 25%, to $1.38 billion, on strong demand for seeds and crop protection products. Sales rose 21%, to $11.6 billion. Earnings per share rose 42%, to $16.26, excluding restructuring and impairment charges. Strong growth in demand for food and feed in emerging markets contributed to the increases and emerging markets now account for more than a third of the company’s overall sales. “2008 was an extraordinary year for agriculture in which acreage expanded and technology adoption accelerated,” says Syngenta CEO Mike...

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