Net income applicable to common shareholders rose 12 percent, to $2.88 billion.
Net income applicable to common shareholders rose to $2.31bn, or $1.18 per share, in the first quarter ended 31 March, from $1.45bn ,or 74 cents per share, a year earlier.
The marketing company said its second-quarter earnings applicable to common shareholders rose to $121.5 million, or 24 cents a diluted share, from $44.2 million, or 10 cents a share, a year ago.
"However, it may be possible to adopt rules to establish a fair allocation of a limited co-op resource in a manner equally applicable to all shareholders".
The company posted a net loss applicable to common shareholders of $105 million, or 78 cents a share in the fiscal fourth quarter ended May 29, compared with a loss of $43.4 million, or 40 cents a share, in the year-ago period.
The last of the big US banks to release third-quarter results, it said earnings applicable to common shareholders had fallen 42.4% to $939m£606m6m), or 48 cents a share, from $1.63bn, or 83 cents a share, a year earlier.
The Wall Street firm said on Tuesday that it swung to a profit in the third quarter, reporting net earnings applicable to common shareholders of $1.46 billion, compared with a loss of $428 million in the quarter a year ago.
For the third quarter, the Wall Street bank reported net earnings applicable to common shareholders of $1.46 billion, or $2.85 a share, compared with a loss of $428 million, or 84 cents a share, in the quarter a year earlier.
Rentech reported a net loss applicable to common shareholders of $7.8 million, or $0.05 per share, for the quarter versus a net loss applicable of $6.9 million, or $0.04 per share, for the quarter ending June 30 , 2007
