Syngenta (SYT): H1 net profit -5% to $1.41B vs consensus of $1.49B, reflecting an absence of...

|About: Syngenta AG (SYT)|By:, SA News Editor
Syngenta (SYT): H1 net profit -5% to $1.41B vs consensus of $1.49B, reflecting an absence of royalty income of last year's corn rootworm trait, which was worth $256M. Underlying profit +9%. Sales +2% to $8.4B, underlying sales +7% despite unfavorable weather and late planting in the northern hemisphere. Expects to generate substantial free cash flow in H2, as well as an acceleration of underlying sales growth, "based on the positive outlook for Latin America and Asia Pacific." Shares -3.6% in Zurich. (PR)