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DEERE’S PROFITS RISE

US forestry and construction giant John Deere posted considerable profit rises for the first two quarters of 2017. A look at last year’s profits for the same period are interesting. First quarter profits were down on this years but when you look at the two quarters combined then 2016’s returns are the same as 2017.
Projections in its construction sector for 2017 appear to show Deere on course to make an operating moderate profit for the year in percentage terms. When you view this in terms of dollars it becomes eye wateringly large, we are talking hundreds of millions. Its forestry division is expected to show a little fall on last year.

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