Navigation

Skiplink Navigation

Main Features

Syngenta profit flat, optimistic for 2010

Syngenta, the world’s largest agrochemicals company, has announced a full year profit of $1.37 billion (SFr1.45 billion) for 2009 on sales of $11 billion.

The results, which represent a one per cent increase in sales but a one per cent decline in profit, were announced by the Basel-based multinational on Friday, along with plans to return some $750 million to shareholders through share buyback programme and an unchanged dividend.

Earnings per share were $15.76 per cent, a three per cent decline over last year.

Syngenta, which makes products to kill weeds and insects, as well as genetically modified seeds, proposed a 2009 dividend of SFr6 ($5.66) per share, lower than a forecast SFr6.27. It had been expected to post net profit of $1.32 billion.

"Improved conditions in emerging markets are contributing to a more positive outlook for 2010 and lead us to expect volume growth starting in the second quarter," chief executive Mike Mack said in a statement.

Agricultural suppliers like Syngenta and its United States-based rival Monsanto, as well as Canadian fertiliser company PotashCorp and Germany's K+S have been struggling with lower sales as prices for farming products have fallen.

swissinfo.ch and agencies


Links

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.







Click here to see more newsletters

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!

×