Syngenta: NAFTA Drives Increased Q3 Sales

Matt Hopkins Posted by Matt Hopkins|28 October 2008

Switzerland-based Syngenta has announced that its third-quarter sales increased by 28%, measured at constant exchange rates. The company’s Crop Protection division sales were 26% higher in the quarter, mostly accounted for by 48% growth in the NAFTA region driven by strong demand for corn fungicides and herbicides. For the first nine months of 2008, NAFTA Crop Protection sales were up 19% at a constant exchange rate, to $2.4 billion.

Syngenta’s mid-year profits report has the company with a net income of $1.5 billion, up 25% from a year earlier.