Alico, Inc. Announces Earnings.Business Editors LA BELLE La Belle may be a place in the US:
Mr. Ben Hill Griffin III, Chairman of Alico, Inc. (Nasdaq:ALCO), a La Belle, Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. company, announced that net income for the year ended August 31, 2001 was $16.1 million, or $2.29 per share, compared to $14.1 million, or $2.01 per share for the year ended August 31, 2000. Total revenues for the 2001 and 2000 fiscal years were $68.3 million and $62.5 million, respectively. Stockholder's equity Stockholder's equity The residual claims that stockholders have against a firm's assets, calculated by subtracting all current liabilities and debt liabilities from total assets. at August 31, 2001 was $112.6 million, compared to $103.5 million at August 31, 2000. Mr. Griffin stated that earnings from agriculture activities for the year increased 3.5% when compared to fiscal 2000. This was primarily the result of improved market prices for sugar and beef. Citrus earnings were down 24%, when compared to the prior year, however, largely due to a decrease in citrus market prices. Profits from real estate sales were $11.4 million during fiscal 2001, compared to $13.3 during fiscal 2000. While down, compared to last year, they were a significant part of the Company's pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta earnings. |
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