date:May 03, 2013
down 31% from $918 million in the same period a year ago.
Net sales in the first quarter were $21,727 million, up 3% from $21,155 million in the same period a year ago.
As expected, this was a challenging quarter, with agricultural services negatively impacted by the ongoing effects of last summers U.S. drought, said Patricia Woertz, chairman and chief executive officer of ADM. In oilseeds, our earnings were reduced by challenges in Brazil and depressed margins in cocoa. Our ethanol business i