Weak Dollar and High Oil Prices in H1 Fail to Blight Syngenta's Optimism
24 Julho 2009 - 5:50AM
PR Newswire (US)
LONDON, July 24 /PRNewswire-FirstCall/ -- World-leading agri
business Syngenta has pointed to strong levels of global demand for
its products as it unveiled financial results for the first half of
2009. The company, based in Basel, Switzerland, has announced
reported sales and profits down from its record performance in 2008
but stressed that this underlying performance was 'resilient' given
the economic conditions. Sounding an optimistic note, CEO Mike Mack
predicted a strong second half and pointed to a product pipeline
worth up to $4 bn. He told financial broadcaster Cantos: "The
fundamentals for this business remain solidly intact. Population
growth, the demand for [the production of] additional food and feed
over the next 20 or 30 years and to do so in a sustainable way,
means that companies like Syngenta are going to have to bring
technology to growers to be able to provide what this planet is
going to need." The interview and transcript are available now on
http://w3.cantos.com/syngenta. It's free to view. All you need to
do is register at http://www.cantos.com/. Cantos.com, the online
financial broadcaster, features in-depth interviews, documentaries
and webcasts with senior company executives. If you would like to
contact us, please email or phone +44(0)207-936-1333. DATASOURCE:
Syngenta CONTACT: If you would like to contact us, please email or
phone +44(0)207-936-1333.
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