Bayer CropScience India Q2 Profit Rises
Bayer CropScience India reported a nearly nine percent increase in second quarter profit as lower expenses offset a decline in revenue caused by a weak monsoon season. The agrichemical company posted a profit of 1.66 billion rupees for the period ending September.
Insights:
India's Bayer CropScience posted a 9% rise in second-quarter profit to 1.66 billion rupees ($17.51 million) on Tuesday, helped by lower expenses. The agrichemical company navigated an uneven monsoon season that drove revenue down 19.5% to 12.51 billion rupees during the period ended September 30. The earnings growth underscores how aggressive cost controls can offset severe weather disruptions in emerging agricultural markets.
