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ADM corrects financial statements amid probe over accounting practices
Mar 12, 2024 4:04 AM

March 12 (Reuters) - Global grains merchant

Archer-Daniels-Midland ( ADM ) corrected parts of previous

financial statements on Tuesday.

ADM reported profit of $6.43 per share for the full year,

after an investigation into accounting practices at the

company's nutrition division delayed the release of its

financial results for nearly two months.

The company had cut its 2023 profit forecast in January,

pulled its forward-looking outlook for nutrition, announced an

internal investigation and put finance chief Vikram Luthar on

administrative leave.

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