Archive for July 29th, 2021

CHICAGO, ILLINOIS, US — The increasing use of vegetable oils for biofuel in the transportation industry provided a boost to second-quarter earnings for ADM and will keep the Chicago, Illinois, US-based company investing in that area.

Net earnings attributable to ADM in the quarter ended June 30 were $712 million, or $1.26 diluted earnings per share on the common stock, which was up 52% from $469 million, or 84¢ per share, in the previous year’s second quarter. Net revenue rose 41% ...