D&PL Buy Widens Monsanto’s Quarterly Loss

Monsanto posted a wider net loss in its fourth quarter, ended August 31, to $210 million, compared with a loss of $144 million for the year-ago quarter. The loss includes an in-process R&D charge of $186 million related to its June purchase of Delta and Pine Land (D&PL; Scott, MS) cotton business. Sales increased 13%, to $1.57 billion, in line with Bank of America’s (BOA; New York) forecast. “This was a benchmark year for our company,” says Hugh Grant, chairman, president, and CEO at Monsanto. “We realized record sales for a...

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