Over the top
Aug 1, 2008 12:00 PM, By Mark Moore
Syngenta's revenues have increased from $6.3 billion in 2001 to $9.2 billion last year. “Syngenta's ADR [American Depository Receipt] stock growth of more than 600% since the company's creation reflects the growing interest and confidence of its stockholders, who want to see innovation, creativity and responsiveness to the marketplace as well as exceptional financial management,” says Jennifer Gough, head of investor relations for Syngenta. In 2007, crop protection sales were up 11% at $7.3 billion, and seed sales were up 12% to $2 billion. The company's stock has seen an increase of more than 66% over the past 12 months.
The Mosaic Company is anticipating “robust fourth quarter results in fiscal 2008 as strong demand and the tight supply situation continues for crop nutrients,” according to Jim Prokopanko, president and CEO of Mosaic.
Investor attractionCaution warranted
On the equipment side, earnings per share for Deere and Company were up 28% for the second quarter of 2008, and net sales and revenues were up 18% to a quarterly record. For the first six months of the year, net income was $1.133 billion, compared with $862.3 million last year.
Deere's agricultural sales increased 34% for the first half of the year, boosting operating profits to $1.114 billion, compared with $624 million for the same period last year. Deere expects that a continued strong global ag market will boost worldwide sales of agricultural equipment by about 35% for all of 2008.








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