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Cargill profit up

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Published: July 20, 2017

quarterly results

Cargill Inc. quarterly net profit rose, supported by strong demand for beef and poultry and solid U.S. grain exports.

Net income jumped to $347 million in the fourth quarter ended May 31 from $15 million a year earlier.

Revenue rose four percent to $28.3 billion.

The animal nutrition and protein segments were the largest contributor on strong retail beef demand in North America and brisk exports.

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