date:May 03, 2013
operating profit rose 15% to $153 million from $133 million.
Net sales and other operating income in the segment rose 8%, to $3,053 million from $2,835 million. Within the segment, sweeteners and starches profit fell 20% to $76 million from $95 million while bioproducts profit increased 60% to $77 million.
This quarters results included a $44 million negative timing effect related to open corn cash-flow hedges at quarter end (about 4c per share), up from $11 million in the same period last yea