Alico Inc. announces net earnings for the six months ended Feb. 28.LA BELLE La Belle may be a place in the US:
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 earnings for the six months ended Feb. 28, 1995 were $1.9 million, or 28 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . This compared to $3.0 million, or 43 cents per share, during the six months period ended Feb. 28, 1994. Operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. during the first six months of fiscal 1995 totaled $17.0 million, compared to $19.3 million during the same period in fiscal 1994. Operating revenues during the three months ended Feb. 28, 1995 (second quarter of fiscal 1995) totaled $11.4 million, compared to $15.1 million during the same period a year ago. Net earnings for the second quarter of fiscal 1995 were $1.5 million, or 22 cents per share, compared to $2.7 million, or 38 cents per share, during the same period a year ago. 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. as of Feb. 28, 1995 was $68.2 million, compared to $63.3 million at Feb. 28, 1994. Griffin noted that the reduction in net income was due to an overall decrease in earnings from agricultural operations during the first half of fiscal 1995, compared to the same period a year ago. Griffin stated that while the harvest of this year's citrus crop has approximated last year, a decrease in the pounds of solids derived from the crop has caused citrus earnings to be lower. Additionally, sugarcane earnings were reduced, due to fewer acres of sugarcane planted and harvested, and ranch earnings were less due to lower prices and more calves calves 1 n. Plural of calf1. calves Noun the plural of calf held for later marketing. Agricultural revenues are expected to improve, as the year progresses, due to higher prices for late season citrus and additional cattle sales. Griffin said that the previously reported $8.3 million pending land sale in Polk County Polk County is the name of twelve counties in the United States, all except two named after president of the United States James Knox Polk:
CONTACT: Alico Inc., La Belle W. Bernard Lester, 813/675-2966 |
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