Viterra reveals record Q2 results

13/06/2012 09:35:00

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Dual listed Viterra (ASX:VTA) has revealed record results for its second quarter of fiscal 2012.

Net earnings more than doubled to $67 million compared to $30 million recorded for the same time last year.

Earnings before interest, tax, depreciation and amortization was $185 milllion, a 43 per cent improvement to the figure last year.

The grain handler’s chief says, its record results were driven by strong fertilizer sales volumes and pricing.

Viterra posted a net profit of $252 million in the 2011 financial year.