Ingredion Q4 Profit Down, Results Miss Estimates
date:Feb 08, 2014
luded $23 million of sales related to a Chinese joint venture which was sold in 2012. Absent that impact, sales would have been up 2 percent. Operating income increased 2 percent from $95 million to $97 million, largely due to improved price/mix.

Europe, Middle East, Africa (EMEA) fourth quarter 2013 sales rose by 5 percent due to price/mix improvement partially offset by currency devaluations and slight volume decline. Volume was negatively impacted by $1 million due to the 2012 closure of the
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