Viterra (ASX:VTA) has reported profit falls for the first quarter, matching expectations.
The dual listed grain handler’s quarterly net profit fell 23 per cent to $78.5 million due to lower earnings.
Viterra has described its results as solid and impressive despite a challenging economic environment.
Looking ahead, Viterra anticipates demands for agri-commodities to remain strong with expected planting in Canada to increase by up to 10 per cent.
In the 12 months to the end of October the company boosted its net profit by 83 per cent to $252 million.
