Seaboard Corp.’s 2nd quarter net income up 10.5%

Seaboard Corp.’s 2nd quarter net income up 10.5%

   Seaboard Corp., parent company of Seaboard Marine, the Miami-based ocean carrier specializing in the Latin America and Caribbean trades, Wednesday reported second quarter net income of $69.2 million, up 10.5 percent compared to $62.6 million a year ago.

   Revenue for the quarter declined 6.5 percent to $688.9 million from $736.9 million in the second quarter 2005.

   For the year to date, Seaboard Corp.’s net income was down 8 percent to $120.7 million with revenue dropping 8.7 percent to $1.3 billion.