May 1, 2018 / 11:04 AM / 3 months ago

ADM posts higher first-quarter profit

May 1 (Reuters) - U.S. grains merchant Archer Daniels Midland Co posted a rise in quarterly profit on Tuesday, helped by higher returns from its oilseed processing business.

Net profit attributable to ADM rose to $393 million, or 70 cents per share, in the first quarter ended March 31, from $339 million, or 59 cents a year earlier.

Total revenue rose to $15.53 billion from $14.99 billion. (Reporting by Akshara P in Bengaluru; Editing by Amrutha Gayathri)

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