Bayer swings to loss on Monsanto-related charges

Bayer AG swung to a loss in the fourth quarter, due in part to a series of one-off charges associated with its take over of Monsanto, the German company said Wednesday.

The chemicals-and-pharmaceutical group posted a quarterly after-tax loss of 3.92 billion euros ($4.46 billion) compared with a profit of 148 million euros a year earlier.

Bayer attributed the loss to costs from the acquisition of Monsanto, which generated seasonally lower earnings in the fourth quarter.

Sales rose to 11.06 billion euros from 8.60 billion euros, the company said.

Read more at marketwatch.com


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