TODD KOROL
Viterra Inc. says its third-quarter profit fell to $63.5-million, down 47 per cent from the same time last year.
The Canadian grain handler and farm supplier said the profit for the three months ended July 31 amounted to 17 cents per share.
Revenue for the quarter was $2.5-billion, $273-million higher than a year earlier.
The higher revenue was attributed to contributions from Viterra's newly acquired operations in Australia, the former ABB Grain.
The company says the growth in Australia was partly offset by lower agri-product sales in North America.