Viterra Reports Q1 Results
Viterra Inc. (VT.TO) said for the three months ended January 31, 2012, the company generated EBITDA (excluding North American feed) of $189 million compared to $210 million in the prior year and net earnings of $78 million ($0.21 per share) versus $101 million ($0.27 per share) last year.
"Viterra delivered impressive first quarter results despite the challenging economic environment. Our vertically integrated business model and irreplaceable assets in strategic locations proved resilient," said Mayo Schmidt, Viterra's President and CEO. "We are the number one grain handler in Canada and South Australia with extensive and world-class assets in both country and port locations. This network gives us complete control of our supply chain from the farm to destination customers around the world, allowing us to maximize margins on our core commodities at each step in the supply chain, and to return those benefits to shareholders."
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