Monsanto sales up 7% in fiscal 2014
A 19.4% rise in Monsanto's fourth-quarter sales contributed to a 6.7% increase in full-year revenues to $15,855 million in fiscal 2014 ended August 31st. Annual seed and trait sales were up by 3.9% to $10,740 million and agrochemical revenues grew by 13.1% to $5,115 million. Gross profit rose by 12% to $8,574 million and ongoing earnings per share (EPS) was up by 15%. That represents the fourth consecutive year of ongoing EPS growth, the company points out. Ongoing EPS of $5.23 was just above the high end of its guidance of $5.10-5.20.