Viterra reported fertilizer sales of C$144.8 million for the second quarter ending April 30, 2009, up from the year-ago $106.9 million. Viterra said this was mainly due to higher volumes and prices over the year-ago period. Six-month sales were also up, at $314.5 million from $262.3 million.
Crop protection sales were down slightly during the second quarter, to $25.6 million from the year-ago $27.2 million. Six-month crop protection sales were also down, at $28.5 million from $29.1 million.
Second-quarter seed sales were up $20 million, to $79.8 million from the year-ago $59.6 million. Six-month seed sales were $81.7 million, up from $60.3 million.
Equipment and other sales almost doubled during the second quarter to $15.8 million, up from $8.8 million. Six-month sales were $27.4 million, up from $16.7 million.
Total Agri-products gross profits and net revenues were $51.8 million on sales of $266 million for the second quarter, up from the year-ago $45.3 million and $202.5 million. Six-month profits were $43.1 million on sales of $452.1 million, versus the year-ago $92.4 million and $368.4 million, respectively.
Second-quarter company-wide net income was $26.3 million ($.11 per share) on sales of $1.6 billion, versus the year-ago $33.6 million ($.16 per share) on sales of $1.5 billion. Viterra reports a six-month net loss of $6.6 million ($.03 per share) on sales of $2.99 billion, versus the year-ago net income of $74.8 million ($.37 per share) and $2.84 billion, respectively.