Archer Daniels Announces Fourth-Quarter Earnings

By | September 01, 2003
Archer Daniels Midland (ADM) released its fourth quarter and yearly earnings in late July. Despite posting a 15-percent fourth quarter net earnings loss, ADM's corn processing division, including ethanol, made $33,089 more than the same period last year. Year-end results showed a 12-percent loss in net earnings and an $111,505 increase in the corn processing division's profits.