Monsanto sales up 10% in fiscal 2013
A 5% rise in Monsanto's fourth-quarter sales contributed to a 10% gain in full-year revenues to $14,861 million in fiscal 2013 ended August 31st. Annual seed and trait sales grew by 5.6% to $10,340 million and agrochemical sales were up by 21.7% to $4,521 million. Gross profit rose by 8.6% to $7,653 million, with ongoing earnings per share (EPS) growth of 23%. "The strength of our broad global portfolio enabled us to deliver a third consecutive year of strong business results, and by building off our proven strategy, we are confident the key elements are in place to carry that momentum through to achieve strong business growth in 2014," says chairman and CEO Hugh Grant.