CHS 2Q income more than triples
CHS Inc. more than tripled its net income attributable to CHS for the quarter ending Feb. 28, 2013 from the year-ago quarter to $275.1 million compared to $78.5 million. The Energy segment lead the way with a huge increase in income to $234.2 million, up from $42.1 million. The Ag segment, which includes crop nutrients, was also up at $50.4 million from $36.2 million.
For the first six months, CHS reported record income at $618.8 million, up from the year-ago $494.4 million. Energy income was $487.2 million, up from $439.4 million, while Ag was $162.8 million, up from $157.5 million.