Alico Inc. announces net earnings for the three months ended Nov. 30, 1995.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 three months ended Nov. 30, 1995, the first quarter of fiscal 1996, were $647,000, or $.09 per share. This compared to $421,000, or $.06 per share, during the same period a year ago. 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. for the first quarter totaled $7.5 million, compared to $5.6 million during the first quarter of last year. 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 Nov. 30, 1995 was $73.6 million, compared to $66.6 million at Nov. 30, 1994. Griffin noted that the increase in net income was due to an overall increase in earnings from agriculture during the first quarter of fiscal 1996, compared to the same period a year ago. Griffin stated that market prices for 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). products were improved over last year, increasing earnings for that division. Additionally, earnings from sugarcane operations were approximately the same as a year ago and ranch earnings were lower than last year due to reduced market prices for beef. CONTACT: Alico Inc., La Belle W. Bernard Lester, 941/675-2966 |
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