Aug 04, 2020 at 04:02 PM CST
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Marubeni reported weaker financial results from its agricultural business during the first quarter of its fiscal year because of weaker profits from subsidiary Gavilon. Total revenue generated by the Japan-headquartered conglomerate’s agricultural business - the biggest segment by revenue size - totalled JPY794 billion ($7.07 billion) for the three months to the end of June, down more than 7% on the same quarter of 2019, according to Marubeni’s financial report published Tuesday. |