AGCO's 2005 Profits Slip Despite 3.3% Sales Increase
AGCO Corp. earned a substantially lower $31.6 million during 2005 ended last December, despite a 3.3% increase in sales to $5.44 billion. The firm earned a wider $158.8 million during 2004 on lower revenue of $5.27 billion.
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The Decatur, Ga., ag equipment maker incurred a loss of $63.8 million during the 2005 fourth quarter on a 9.7% decline in sales to $1.38 billion. During the 2004 final quarterly period, AGCO earned $50.7 million on sales of $1.53 billion.
Source : NiHaoZhou
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