Cargill Inc. said on Thursday its revenue for fiscal 2020, which ended on May 31, rose to $114.6 billion, up 1% from the prior year, reports Reuters.
The revenue bump was Cargill’s third in the last four years, after U.S. flooding and the U.S.-China trade war sliced revenues by 1% in fiscal 2019, according to company disclosures.
Cargill reinvested, on average, 80% of operating cash flow back into the company, it said in an emailed statement.
Cargill said all of its North American beef plants have reopened as of early June with “enhanced safety procedures.”
