“The company’s second quarter earnings per share was $2.90 on an ongoing basis and $2.92 on an as-reported basis,” the press release said. “For the first half of fiscal year 2015, cash flow from operations was a source of approximately $1.5 billion, compared to $1.8 billion the same period last year.”
Monsanto second-quarter profit stood at $1.42 billion, compared to $1.67 billion, in the second quarter of 2014.
The industry-wide decline in corn plantings and a stronger US dollar influenced Monsanto’s performance, according to the press release.
US-based Monsanto is one of the world’s largest agricultural companies, producing genetically engineered seeds as well as herbicides.
In 2013, multiple protests started against Monsanto in about 400 cities around the world. The protesters accused the biotechnology giant turning a blind eye to the potentially deadly effects of its genetically modified organisms in crops and food that it sells globally.