High crop prices have driven demand for crop protection products and advanced seeds and equipment
* Full-year net profit rises to $1.87 bln vs poll $1.78 bln
* 2012 sales $14.20 bln vs f'cast of $14.27 bln
* Dividend lifts to 9.50 Sfr per share from 8 Sfr in 2011
ZURICH, Feb 6 (Reuters) - Syngenta, the world's largest agrochemicals company, said it was confident ahead of the upcoming planting season and will hike its dividend 19 percent after it posted a full-year net profit that beat expectations.
Syngenta, which makes products to kill weeds and bugs as well as genetically-modified seeds, posted a 17 percent rise in full-year profit to $1.87 billion.
This beat the average analyst forecast in a Reuters poll for an 11 percent rise to $1.78 billion.
High crop prices have driven demand for crop protection products and advanced seeds and equipment as farmers faced with increasingly erratic and extreme weather conditions turn to technology to boost yields.
Latin American farmers have snapped up Syngenta's products to make up for shortfalls in the wake of the worst drought in over 50 years in North America, which sent U.S. corn and soybean prices to record highs.
"Our confidence in the coming season is reinforced by the fourth quarter business strength, notably in North and Latin America, as well as robust commodity crop prices," Syngenta Chief Executive Mike Mack said in a statement.
Syngenta is banking on innovation and a more integrated business that supplies farmers with everything from seeds and pesticides to fertilisers and support services, to help it reach its revised 2020 target for sales for its top eight crops of $25 billion.
The buoyant end to the Latin America planting season and strong demand for early seed and herbicide sales in the U.S. prompted Monsanto to raise its earnings outlook for the fiscal year 2013.
Sales at Syngenta, which competes with DuPont, Monsanto and Germany's Bayer, rose 7 percent in 2012 to $14.2 billion, in line with the average analyst forecast for $14.3 billion.
The Basel-based firm said it would propose a 19 percent hike in its dividend to 9.50 Swiss francs per share, compared to 8 francs per share a year ago.
You keep posting this JUNKY stuff that is nothing to do with AGRIA business. What CROP PROTECTION DOES AGRIA SELL???? I callled my BROKER AND HE SAID NOTHING YOU ARE A LIAR LIAR PUMP PUMP PUMPER. YOUR PUMP PUMP PUMPING HURTS SERIOUS INVESTORS
I think in your case it is the problem that you are not able to use google. Agria has a lot of award winning seed products, and through their majority stake in PGW they have everything else. It is not difficult , google "PGG Wrightson NZ" and look to their products.
thanks for the pumper. As i already said, it is better that you don't buy Agria shares. You need nerves as a shareholder, and obviously you are a little bit short in nerves.
The fact that you are not able to understand that good news in seed business from Syngenta ,
are good news for Agria and PGW, is another problem.
I come to the conclusion that you are finished regarding your nerves , and that you have a lack of common sense. Please save your money for a neurologist, because it would be sad if you are the next homicidal maniac.