AIRLINK 188.75 Decreased By ▼ -0.01 (-0.01%)
BOP 12.94 Decreased By ▼ -0.29 (-2.19%)
CNERGY 7.22 Decreased By ▼ -0.04 (-0.55%)
FCCL 40.55 Increased By ▲ 1.84 (4.75%)
FFL 15.10 Increased By ▲ 0.26 (1.75%)
FLYNG 25.44 Decreased By ▼ -0.44 (-1.7%)
HUBC 132.50 Decreased By ▼ -1.91 (-1.42%)
HUMNL 13.45 Increased By ▲ 0.12 (0.9%)
KEL 4.88 Increased By ▲ 0.65 (15.37%)
KOSM 6.48 Increased By ▲ 0.63 (10.77%)
MLCF 47.14 Increased By ▲ 0.25 (0.53%)
OGDC 204.80 Decreased By ▼ -0.94 (-0.46%)
PACE 6.27 Increased By ▲ 0.19 (3.13%)
PAEL 38.99 Decreased By ▼ -0.09 (-0.23%)
PIAHCLA 16.83 Decreased By ▼ -0.02 (-0.12%)
PIBTL 8.11 Increased By ▲ 0.27 (3.44%)
POWER 10.69 Decreased By ▼ -0.02 (-0.19%)
PPL 173.65 Decreased By ▼ -0.96 (-0.55%)
PRL 34.10 Increased By ▲ 0.42 (1.25%)
PTC 23.49 Increased By ▲ 0.41 (1.78%)
SEARL 99.00 Increased By ▲ 0.48 (0.49%)
SILK 1.10 Decreased By ▼ -0.02 (-1.79%)
SSGC 30.62 Decreased By ▼ -0.86 (-2.73%)
SYM 17.83 Increased By ▲ 0.17 (0.96%)
TELE 8.19 Increased By ▲ 0.13 (1.61%)
TPLP 12.12 Decreased By ▼ -0.08 (-0.66%)
TRG 61.11 Increased By ▲ 0.81 (1.34%)
WAVESAPP 11.72 Decreased By ▼ -0.10 (-0.85%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 4.21 Increased By ▲ 0.35 (9.07%)
AIRLINK 188.75 Decreased By ▼ -0.01 (-0.01%)
BOP 12.94 Decreased By ▼ -0.29 (-2.19%)
CNERGY 7.22 Decreased By ▼ -0.04 (-0.55%)
FCCL 40.55 Increased By ▲ 1.84 (4.75%)
FFL 15.10 Increased By ▲ 0.26 (1.75%)
FLYNG 25.44 Decreased By ▼ -0.44 (-1.7%)
HUBC 132.50 Decreased By ▼ -1.91 (-1.42%)
HUMNL 13.45 Increased By ▲ 0.12 (0.9%)
KEL 4.88 Increased By ▲ 0.65 (15.37%)
KOSM 6.48 Increased By ▲ 0.63 (10.77%)
MLCF 47.14 Increased By ▲ 0.25 (0.53%)
OGDC 204.80 Decreased By ▼ -0.94 (-0.46%)
PACE 6.27 Increased By ▲ 0.19 (3.13%)
PAEL 38.99 Decreased By ▼ -0.09 (-0.23%)
PIAHCLA 16.83 Decreased By ▼ -0.02 (-0.12%)
PIBTL 8.11 Increased By ▲ 0.27 (3.44%)
POWER 10.69 Decreased By ▼ -0.02 (-0.19%)
PPL 173.65 Decreased By ▼ -0.96 (-0.55%)
PRL 34.10 Increased By ▲ 0.42 (1.25%)
PTC 23.49 Increased By ▲ 0.41 (1.78%)
SEARL 99.00 Increased By ▲ 0.48 (0.49%)
SILK 1.10 Decreased By ▼ -0.02 (-1.79%)
SSGC 30.62 Decreased By ▼ -0.86 (-2.73%)
SYM 17.83 Increased By ▲ 0.17 (0.96%)
TELE 8.19 Increased By ▲ 0.13 (1.61%)
TPLP 12.12 Decreased By ▼ -0.08 (-0.66%)
TRG 61.11 Increased By ▲ 0.81 (1.34%)
WAVESAPP 11.72 Decreased By ▼ -0.10 (-0.85%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 4.21 Increased By ▲ 0.35 (9.07%)
BR100 11,905 Decreased By -12.8 (-0.11%)
BR30 35,359 Increased By 40.9 (0.12%)
KSE100 113,342 Increased By 254 (0.22%)
KSE30 35,292 Decreased By -16.7 (-0.05%)

FRANKFURT: Agriculture and pharmaceuticals company Bayer reported quarterly adjusted earnings rose a better-than-expected 27.5% on strong gains at its seeds and pesticides business.

First quarter earnings before interest, taxes, depreciation and amortisation, adjusted for one-off items, came in at 5.25 billion euros ($5.55 billion), well above the average analyst estimate of 4.65 billion euros posted on the company’s website.

The Crop Science division, which generates the bulk of its earnings during the first half of the year, saw adjusted EBITDA jump by half to 3.67 billion euros, beating a market consensus of 2.95 billion euros, more than off-setting weaker pharmaceutical earnings.

Prices of agricultural commodities like corn and soy have surged globally amid concern that Russia’s attack on Ukraine will disrupt farming there as both countries are major grains exporters.

Bayer’s Chief Executive Werner Baumann told shareholders at last month’s annual general meeting that favourable agricultural markets had helped the group to a very successful start to the year.

The group confirmed its guidance for full-year results.

Comments

Comments are closed.