FMC has profit of $ 17.9 million in the quarter, down 80 %

Company stands increased business in Latin America
by Estadão content

( FMC revenue increased 16 % in comparison terveiro quarter of this year with the same period in 2012 , but profit fell 80 % - Photo : Handout / FMC )

FMC Corporation achieved consolidated net income of $ 17.9 million ( $ 0.13 per share ) in the third quarter, down 80 % compared to the same period last year . Revenue increased 16 % on the year to $ 957.4 million , according to balance circulated late on Monday , 28 .

According to the company , the third quarter results include charges , after tax , of $ 92.3 million . In the same period last year , charges were $ 17.1 million . Excluding these items , adjusted earnings in the third quarter this year was $ 0.82 per share, an increase of 7 % year on year .

The FMC Agricultural Solutions segment recorded a profit of $ 114.2 million in the third quarter , 13 % more than the same period of 2012. The higher sales volume was partially offset by regional mix , investment and the volatility of short-term , the company said in a statement .

Segment sales in Latin America increased considerably , reflecting a larger area sown with cotton and soybeans and a growing demand for new products , according to FMC .

Source : Globo Rural Magazine ( Brazil ) .