Alico Inc. announces net earnings for the six months ended Feb. 29, 1996.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. 29, 1996, were $2.0 million, or $.29 per share. This compares to $1.9 million, or $.28 per share, during the six months period ended Feb. 28, 1995. 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 1996 totaled $19.2 million, compared to $17.0 million during the same period in fiscal 1995. Operating revenues during the three months ended Feb. 29, 1996 (second quarter of fiscal 1996) totaled $11.8 million, compared to $11.4 million during the same period a year ago. Net earnings for the second quarter of fiscal 1996 were $1.4 million, or $.20 per share, compared to $1.5 million, or $.22 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. 29, 1996, was $75.1 million, compared to $68.2 million at Feb. 28, 1995. Griffin stated that increased citrus citrus Any of the plants that make up the genus Citrus, in the rue family, that yield pulpy fruits covered with fairly thick skins. The genus includes the lemon, lime, sweet and sour oranges, tangerine, grapefruit, citron, and shaddock (C. maxima, or C. grandis; also called pomelo). earnings were offset by a corresponding decrease in ranch earnings. The changes in earnings for each division was the result in changes in market prices for the respective commodities. Additionally, Griffin stated that sugarcane earnings remained at the same level as the prior year. CONTACT: Alico Inc., La Belle W. Bernard Lester, 941/675-2966 |
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