Bayer's India unit posts quarterly profit rise as expenses shrink

Bayer CropScience, the Indian unit of Bayer AG, reported a 15.4% increase in first-quarter profit to 3.22 billion rupees ($33.85 million) for the period ending June 30. This growth was driven by a 4.8% reduction in expenses, aided by an inventory-related gain, despite weaker demand caused by a poor monsoon start.

Aug 5 (Reuters) - Bayer CropScience posted a 15.4% rise in first-quarter profit on Wednesday on lower expenses, even as a weak start to the monsoon weighed on demand. The company, the Indian unit of Germany-based drugs and pesticides maker Bayer AG, posted a profit of 3.22 billion rupees ($33.85 million) for the quarter ended June 30. • Expenses fell 4.8%, helped by an inventory-related gain of

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