Monsanto reports advance in earnings
MONSANTO has revealed a modest advance in its 1999 earnings as its prepares to merge with the drugs group Pharmacia & Upjohn.
The troubled pioneer of genetically modified (GM) crops said 1999 earnings would be about $1 a share. Monsanto earned 93 in the previous period.
Monsantos shares have been depressed by the negative sentiment surrounding its involvement in GM technology.
It is also facing a multimillion-dollar lawsuit by seedmaker Delta & Pine for abandoning an agreed takeover.
- Merger deal is bad for Monsanto, FWi, 21 December 1999
- Monsanto to sell GM business, FWi, 20 December 1999
- Financial Times 21/01/2000 page 28