April 5, 2018 / 1:11 PM / 21 days ago

Cargill Q3 profit falls 23.8 pct

April 5 (Reuters) - Global commodities trader Cargill Inc reported a 23.8 percent drop in its third-quarter profit on Thursday, hurt by a $161 million charge related to the new U.S. tax legislation.

The privately held company said net income fell to $495 million in the quarter ended Feb. 28, from $650 million a year earlier. (bit.ly/2GxbNE2)

Excluding one-time items, Cargill reported net income of $559 million, from $715 million a year earlier.

Revenue rose 2 percent to $27.85 billion. (Reporting by Karl Plume in Chicago and Nikhil Subba in Bengaluru)

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