Alico Announces Net Income.LA BELLE La Belle may be a place in the US:
Ben Hill Griffin III, chairman of Alico Inc. (ALCO), a La Belle 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 Aug. 31, 1999 was $4.1 million, or $.58 per share, compared to $6.8 million, or $.97 per share for the year ended Aug. 31, 1998. Total revenues for the 1999 and 1998 fiscal years were $44.9 million and $44.7 million, respectively. Stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. at Aug. 31, 1999 was $91.4 million, compared to $90.0 million at Aug. 31, 1998. Griffin stated that earnings from agricultural activities for the year declined when compared to fiscal 1998 results. A reduction in citrus yields and lower market prices for beef combined to create the reduction in this year's operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion