BRIEF-India's Bayer Cropscience June-Qtr Profit Falls Sharply

  • Reuters
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BRIEF-India's Bayer Cropscience June-Qtr Profit Falls Sharply
Credit: © Reuters.

July 23 (Reuters) - Bayer (DE: BAYGN ) CropScience Ltd BAYE.NS :

* JUNE QUARTER PROFIT 593 MILLION RUPEES VERSUS PROFIT OF 1.47 BILLION RUPEES LAST YEAR

* JUNE QUARTER REVENUE FROM OPERATIONS 6.64 BILLION RUPEES VERSUS 8.32 BILLION RUPEES LAST YEAR

* QTRLY EXCEPTIONAL ITEM - EMPLOYEE SEPARATION EXPENSES 255 MILLION RUPEES

* LATE ONSET OF MONSOON, DELAYED KHARIF SOWING SEASON RESULTED IN DEFERMENT OF PRODUCT PLACEMENT, IMPACTING Q1 RESULTS

* SIGNIFICANT RAIN DELAYS CONTINUE IN SOME AREAS OF WESTERN AND SOUTHERN INDIA, WHICH COULD IMPACT CO'S RESULTS

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