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Monsanto India Limited (MIL) today announced its
unaudited financial results for the third quarter
ended December 31, 2007. Profit After Tax (PAT) during
the quarter increased to Rs. 18 crores vs. Rs. 14.30
crores, i.e. an increase of 25% over the corresponding
period last year. PAT for the nine months ended December
31, 2007 increased by 21% from Rs. 72.25 crores to
Rs. 87.61 crores. The Net Sales at Rs. 64.49 crores
were marginally down during the quarter, while Net
Sales for the nine month period ended December 31,
2007 at Rs. 313.41 crores were up 9% vs. the corresponding
period last year.
Sharing perspective on the results, Mr. Amitabh Jaipuria,
Managing Director, MIL said, "We are committed
to the long-term success of Indian farmers and are
strategically focused on our Dekalb hybrid corn seeds
and Roundup herbicide businesses, which we believe
are key to long-term growth and value, both of our
customers and shareholders. We will continue to invest,
in breeding and research programs that help develop
higher yielding hybrids, and in awareness building
farmers initiatives that showcase the benefits of
hybrids versus conventional seeds."
On January 21, 2008, the Company announced the sale
of certain brands from its agri-chemical business
portfolio, which is pending shareholder approval,
and which will reflect in the financial results of
the next quarter.
About MONSANTO
Monsanto Company is a leading global provider of technology-based
solutions and agricultural products that improve farm
productivity and food quality. Monsanto Company is
a Fortune 500 firm headquartered in St. Louis, Missouri
(USA).
Monsanto India Limited (MIL) commenced operations
in India in 1949 and is listed on the National Stock
Exchange and Bombay Stock Exchange with approx. 72%
of its stock directly or indirectly held by Monsanto
Company, USA, and the rest by public. The Company
was recently voted among India's Top 25 Best Employers
as per the Hewitt Associates Survey 2007. For more
information on Monsanto, see: www.monsanto.com, or
www.monsantoindia.com.
For further details, please contact:
Christopher Samuel
Senior Manager - Public Affairs
+91 22 2824 7257 / 99675 82255
christopher.samuel@monsanto.com
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