ADM’s plant plant protein unit’s profits slide despite higher sales

Chicago-based ADM reported a 10% increase in sales, but a 44% decline in profit, in its Human Nutrition division for the company's second fiscal quarter, ended June 30. The results were primarily is driven by the conglomerate’s plant-based protein lineup, and landed just weeks after the company announced a new chief financial officer.

The year-over-year sales gain in ADM's human nutrition unit, to $1.1 million, was due to improved volumes and new product mix and…