-- Net earnings for the quarter ended December 31, 2007 increased 7 % to $ 473 million - $ .73 per share from $ 441 million - $ .67 per share last year.
"ADM's record earnings for the second quarter and first half of fiscal 2008 demonstrate the value created by and the strengths of our broadly diversified asset base and product portfolio," said Patricia Woertz, chairman and CEO. "This quarter, heightened demand, coupled with geographic crop imbalances, drove volumes, prices and volatility in many key markets. Our team's skill in managing both risk and rapidly changing market opportunities, enabled us to deliver outstanding value for our shareholders."
-- Second quarter segment operating profit increased 25 % to $ 955 million from $ 767 million last year. * Oilseeds Processing operating profit increased on improved margin conditions due to strong protein and oil demand. * Corn Processing operating profit decreased due to lower ethanol selling prices and increased net corn costs. * Agricultural Services operating profit increased due to improved global grain merchandising and handling results. * Other segment operating profit increased primarily due to improved results of wheat and malt processing operations and increased financial services income.