AgroPages-Net profit jumps at MAI-Agricultural news

Agrochemicals maker Makhteshim Agan Industries Ltd. today published its financial report for the third quarter of 2008. The company posted $640.1 million revenue, 28.8% more than the $496.9 million for the corresponding quarter of 2007. January-September revenue of $2.04 billion was nearly equal to the $2.06 billion revenue in 2007 as a whole.

Net profit was $50.6 million, 160% more than the $19.5 million net profit for the corresponding quarter excluding the capital gain on the sale of Rice Company. Including this sale, the net profit for the corresponding quarter was $30.7 million.

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