Minneapolis-Cargill Inc. reported its fifth consecutive year of record earnings for the year ending May 31, 2007. Earnings for the year were up 36 percent to $2.34 billion, up from the prior year’s $1.73 billion. Revenues were up 17 percent, to $88.3 billion. Fourth-quarter net earnings were $628 million, up 75 percent from the year-ago $358 million. Cargill said better earnings for the quarter and year reflected increased earnings from operations and a decrease in income tax-related expenses. Cargill is the majority owner of The Mosaic Co.
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