Syngenta Boosts Profit Before Potential IPO in Hong Kong

Syngenta Group, the Chinese-owned seed and pesticide giant that’s planning a potential Hong Kong listing, increased profits as it focused on higher-margin businesses.

Earnings before interest, tax, depreciation and amortization rose 13% to $4.4 billion last year, the Basel, Switzerland-based company said in a statement on Tuesday. Sales fell 1% to $28.4 billion, after it exited lower-margin grain trading.