August 6/Karachi, Pakistan/Right Vision News -- Archer Daniels Midland Company (ADM) reported net earnings of $1.9 billion and segment operating profit of $3.2 billion for the year ended June 30, 2010, up $246 million and $786 million, respectively, from the prior year. For fiscal year 2010, ADM earned $3.00 diluted earnings per share (EPS), versus $2.62 for the year prior.
For the quarter ended June 30, 2010, net earnings increased $388 million to $446 million, and segment operating profit increased $591 million to $799 million from the company's totals for the same period one year earlier. * ADM earned $0.69 diluted EPS for the fourth quarter, versus last year's $0.09 fourth quarter. * Profit in ADM's Oilseeds Processing segment increased $132 million due to improved margins and higher volumes. * Corn Processing profit increased $151 million on stronger bioproducts results. * In the Agricultural Services segment, profit increased $195 million, as ADM saw a good global supply of grains and oilseeds and modestly improving demand, particularly in Asia. * Other business units' operating profit increased $113 million, reflecting improved results of ADM's cocoa and flour milling operations and of equity investee Gruma S.A.B. de C.V.