Archer Daniels Midland
This article was originally published in The Tan Sheet
Executive Summary
Ingredient supplier's fiscal fourth quarter, full-year operating profits boosted by vitamin price-fixing settlements of $93 mil., $147 mil., respectively, ADM says July 24. Q4 operating profit jumped 8.1% to $223.3 mil., while full-year amount rose 15.1% to $1.04 bil. Settlements increased EPS by 9¢ in quarter ended June 30, 14¢ in FY 2002...