November 6, 2018 / 12:11 PM / 13 days ago

Grains merchant ADM's third-quarter profit surges

Nov 6 (Reuters) - U.S. grains merchant Archer Daniels Midland Co’s quarterly profit surged, driven by higher demand at its oilseeds business.

Net profit attributable to the company rose to $536 million, or 94 cents per share, in the third quarter ended Sept. 30, from $192 million, or 34 cents per share a year earlier, ADM said on Tuesday.

Revenue rose to $15.80 billion from $14.83 billion. (Reporting by Debroop Roy in Bengaluru; Editing by Shinjini Ganguli)

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