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Published: Wednesday, 11/9/2011

The Andersons reports leap in profit and revenue


The Andersons Inc. reported Tuesday a big jump in profit and revenue for the third quarter.

The Maumee agribusiness’ profit was $10.9 million, or 59 cents a share, for the quarter, compared with $1.4 million, or 8 cents a share, for the same period last year. Revenue for the July-September period was $939 million, up from $707 million.

Operating profit rose significantly in the grain and ethanol units, but its general merchandise stores had an operating loss.

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