New testing no problem for Syngenta
2005730
Syngenta AG announced on 28 July that net profit rose 21% in the first six months, including acquisitions in the United States by its seeds unit. Net profit rose to US$916 million from US$771 million for same period.
Seeds sales rose 62% to US$1.41 billion from US$871, due to the consolidation of Garst and Golden Harvest, which Syngenta acquired during the second half of 2004.
Costs of test US maize cargoes for Bt10 are not material, and the situation is under control.
"All the costs we take as we go, any costs we have are accounted for in the first half," CEO Michael Pragnell said, "They are small costs, not materials in the context of Syngenta"