IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Makhteshim Agan reports highest third-quarter sales in its history

5:08 AM MST | November 10, 2013 | Natasha Alperowicz

Makhteshim Agan, the world’s leading supplier of generic crop protection chemicals, on Sunday reported a large increase in third-quarter profits and sales buoyed by improved performance in Latin America and Asia/Pacific. Net income in the quarter ended 30 September rose 37% to $18 million on 14% higher sales at $732 million. Ebitda was 27% higher at $113.4 million and gross margin reached 32% compared with 31% in the year-earlier quarter.   “During the third quarter, Makhteshim recorded sales growth in every region, but especially in Latin...

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