Monsanto reports 17.6% jump in 3Q profit

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(Monsanto)

U.S. seeds and agrochemicals company Monsanto, which is in the process of being bought by Germany's Bayer, reported a 17.6 percent rise in quarterly profit, helped by higher sales in its corn and soybean seed businesses.

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Net income attributable to Monsanto rose to $843 million, or $1.90 per share, in the third quarter ended May 31, from $717 million, or $1.63 per share, a year earlier.

Net sales rose nearly 1 percent to $4.23 billion.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sriraj Kalluvila)