Regina-based company Viterra Inc. posts net earnings of $145M for 2010 fiscal year | Australian Herald

Regina-based company Viterra Inc. posts net earnings of $145M for 2010 fiscal year

Leader-Post Wednesday 19th January, 2011

REGINA — Viterra Inc. posted net earnings of $145 million for the 2010 fiscal year, up 28 per cent from 2009, thanks to a strong fourth quarter, which saw profits of $53 million versus a $1-million loss during the previous-year period, the Regina-based company announced Wednesday.Viterra's revenues reached $8.3 billion for the fiscal year ended Oct. 31, increasing $1.6 billion or 24 per cent from fiscal 2009, the company said in a news release. The increase in sales was mainly attributable to Viterra's Australian operations, which contributed $2.3 billion to fiscal 2010 revenues, and to new food processing contributions.Lower volumes and commodity prices in the company's North American grainhandling operations partially offset the increase in revenues, the company said.Mayo Schmidt, Vite...

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