IHS Chemical Week

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

Syngenta Reports Higher Third-Quarter Sales, Expects Flat Full-Year Profits

6:47 AM MDT | October 14, 2010 | Natasha Alperowicz

Syngenta reported a 10% increase in third-quarter 2010 sales, to $2.2 billion and confirmed that it expects a flat operating profit for the full year. Third-quarter earnings were not disclosed. "The third quarter performance confirms our expectation of continuing positive volume momentum in the second half of 2010," says Mike Mack, CEO. "This, coupled with careful control of costs and increasing profitability in seeds, should allow us to achieve full year operating income around last year's level," he says. The company is in a strong position...

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