Viterra reports 41.2 M in 1Q net income; input prepay at 276.9 M as of Jan. 31

摘要

Viterra reported net earnings of C41.2 million (20 per share) on sales of 1.3 billion for the first quarter ending Jan. 31, 2008, versus the year-ago 7.9 million (09 per share) and 447.6 million. "As we mark the beginning of our first fiscal year as a combined company (Saskatchewan Wheat Pool and Agricore United), we've been able to optimize the returns available in today's robust commodity markets and deliver strong results this quarter," said Mayo Schmidt, Viterra president and CEO. "It is a time of optimism in our industry. With our expanded asset base and the expertise of our people, we are preparing for the coming spring selling season with anticipation. We are well positioned to help our farm customers reap the benefits of these market conditions through superior product offerings, strategic marketing opportunities and quality agronomic services."