date:Aug 02, 2012
The cooperative posted 2.8% increase in net sales to $3.6bn for the quarter, compared to $3.5bn in 2011.
Net sales for the first half of 2012 totaled $7.5bn, up 8% compared to $6.9bn for the same period in 2011. Net earnings for the period were $131.9m, compared to $168.1m in 2011.
The company said that sales of its feed business increased by 11%, crop business by 17%, egg business by 17%; however, sales in the dairy foods segment declined by 7%mainly due to challenging market situations.
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