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Bunge reports quarterly loss vs. year-ago profit
Feb 14 (Reuters) - Bunge Ltd reported a loss for the
fourth quarter, compared with a year-ago profit, hurt by tax law
changes in the United States and Argentina, and lower margins in
its grains business.
Bunge, the subject of a takeover offer from larger rival
Archer Daniels Midland Co, said net loss available to
shareholders was $69 million, or 48 cents per share, in the
quarter ended Dec. 31, compared with a profit of $262 million,
or $1.82 per share, a year earlier.
The company took a $66 million charge due to the tax law
The White Plains, New York-based company said net sales fell
to $11.61 billion from $11.80 billion.
(Reporting by Anirban Paul in Bengaluru; Editing by Maju
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