Bunge's third-quarter profit plunges nearly 50 pct

Reuters

Wed, Nov 2, 2016, 6:14 AM

Nov 2 (Reuters) - U.S. agricultural products trader Bunge Ltd reported a nearly 50 percent fall in third-quarter profit on Wednesday, hit by smaller-than-expected soybean and corn crops in South America.

Net income available to Bunge's common shareholders fell to $116 million, or 83 cents per share, in the quarter ended Sept. 30, from $229 million, or 1.56 per share, a year earlier.

Revenue climbed 6.1 percent to $11.42 billion.

(Reporting by Vishaka George in Bengaluru; Editing by Maju Samuel)

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Bunge's third-quarter profit plunges nearly 50 pct

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