Cargill Q2 net earnings up

Cargill, Incorporated, a producer of food and agricultural products, has reported net earnings of $409 million, for the second quarter ended November 30, 2012, compared to $100 million, for the same quarter ended November 30, 2011.

Net earnings for the six month ended November 30, 2012 were $1.38 billion, compared to $336 million for the same period ended November 30, 2011.

"Cargill posted a solid second quarter, with earnings balanced and diversified across the breadth of the company," said Greg Page, Cargill chairman and CEO. "The steps we've taken over the past months to focus attention on what our customers value most, change how we work, instill more cost discipline and invest in growth are paying off in the current year. Most importantly, these changes are key to delivering sustainable growth year in and year out."