IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Seeds and traits

Syngenta Reports 21% Third-Quarter Sales Jump

5:15 AM MDT | October 19, 2007 | Kerri Walsh

Syngenta reported third-quarter sales up 21%, to $1.7 billion, driven by strong growth in Latin America. Sales from the company's crop protection business rose 16%, to $1.4 billion. The company cites a "strong market" in Latin America, primarily in Argentina and Brazil. Syngenta's seeds business reported sales up 23%, to $283 million led by growth in corn and soybean products in Latin America. The company does not report net income for the quarter. Meanwhile, Syngenta raised its full-year 2007 earnings estimates to "high teens" percentage growth from a previously...

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