Nov 18 (Reuters) - Global grain trader

Archer-Daniels-Midland ( ADM ) posted a drop in third-quarter

profit on Monday and said in its delayed filing that it has

revised its calculation of total segment operating profit.

The company had on Nov. 5 delayed its earnings statement and

cut its 2024 profit outlook to amend previous financial

statements due to the discovery of fresh accounting

irregularities.

ADM was forced to correct six years of financial data in

March after an internal investigation found sales between its

nutrition business and other core units were not recorded

properly.

CEO Juan Luciano said they are focusing on improving

internal controls. "Looking ahead, while we foresee softer

market conditions into next year, we are taking actions to

improve performance," he said.

The company's total segment operating profit fell 28.3% to

$1.04 billion in the quarter after restatement, while profit for

Ag Services & Oilseeds segment slumped 43% in the same period.

It reported net earnings of $18 million, or 4 cents per

share, for the quarter ended Sept. 30, compared with $821

million, or $1.52 per share, a year ago.

(Reporting by Tanay Dhumal and Sourasis Bose in Bengaluru;

Editing by Arun Koyyur)