(August 19, 20080--Agriculture conglomerate Cargill Inc. said Tuesday it had fourth-quarter net profit of $1.05 billion because of the sale of discontinued operations.
Cargill operates a turkey products plant in Waco that employs more than 700 workers.
The company said that its $310 million sale of the operations boosted earnings to $744 million from $628 million in the year-earlier period.
Wayazata, Minn.-based Cargill is one of the world's largest privately held companies.
It releases limited financial information because it doesn't have public shareholders and is not followed by Wall Street analysts.
The company has a hand in several stages of the industrial food system, distributing grain and oil seeds, and making food ingredients and over-the-counter meat products.
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