Syngenta Half Year Results 2010

ZURICH, July 22, 2010 /PRNewswire-FirstCall/ --

- Interview with Mike Mack

World-leading agri business Syngenta has blamed pricing pressure and destocking for a drop in revenues and net income as it released its financial results for the first half of 2010.

The company, based in Basel, Switzerland, has however pointed to strong volume growth in Q2 and a rich pipeline of new products as it sounded a confident note for the future.

CEO Mike Mack predicted that full year operating income would be in line with that of 2009 and added: "A lot of that de-stocking is now hopefully behind us but, nevertheless, underneath that the overall demand for our products remains very strong, particular in the second quarter. And we find ourselves now, the first half, with the volumes up, prices down but, otherwise, good demand."

The interview and transcript are available now on http://www.cantos.com/Syngenta.

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SOURCE Syngenta