U.S. seeds and agrochemicals company Monsanto Co., which is being acquired by Germany's Bayer AG, reported a bigger profit, helped by a gain from asset sales and lower expenses.
Net profit attributable to Creve Coeur-based Monsanto rose to $169 million, or 38 cents per share, in the first quarter ended Nov. 30, from $29 million, or 7 cents per share, a year earlier.
Net sales of the company, known for its genetically engineered corn, soybean and the Roundup herbicide, rose marginally to $2.66 billion.
