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Syngenta Reports Strong First-Half Performance

8:50 AM MDT | July 26, 2012 | Sotirios Frantzanas

Syngenta says sales and net profits increased 7% and 5% in the first half of 2012, to $8.26 billion and $1.5 billion, respectively. The company recorded $1.84 billion in operating profits, which is approximately at the same level as in the prior-year period, and earnings per share increased 10% year-over-year, to $17.17. Sales growth was attributed mainly to the appreciation of the dollar against most currencies, and increased profits were the result of a 6% hike in sales volumes, 4% higher selling prices, and cost savings from implementation of Syngenta's...

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