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Alico Inc. announces net income for the year ended Aug. 31, 1995.


LA BELLE La Belle may be a place in the US:
  • La Belle, Florida
  • La Belle, Missouri
  • La Belle Township, South Dakota
La Belle may also be:
  • LaBelle, a musical band
  • La Belle (discotheque)
  • La Belle (ship)
  • Patti LaBelle, a singer
, Fla.--(BUSINESS WIRE)--Dec. 6, 1995--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, 1995 was $8.9 million, or $1.27 per share, compared to $7.7 million, or $1.10 per share, for the year ended Aug. 31, 1994.

Total revenues for the 1995 and 1994 fiscal years were $39.6 million and $38.5 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, 1995 was $75.4 million, compared to $68.0 million at Aug. 31, 1994.

Griffin stated that gross earnings from agriculture activities, during fiscal 1995, decreased $1.5 million compared to the fiscal 1994. The primary decrease occurred in the Ranch ranch, large farm devoted chiefly to raising and breeding cattle, horses, sheep, and goats. The cattle ranch was introduced from Latin America to Texas and the plains of the W United States and Canada.  Division and was the result of a greater number of animals retained in western feedlots for future sales. However, the sale of 5,800 acres of real estate 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:
  • Polk County, Arkansas
  • Polk County, Florida
  • Polk County, Georgia
  • Polk County, Iowa
  • Polk County, Minnesota
 more than offset the reduction in agriculture activities.

CONTACT: Alico Inc., La Belle

W. Bernard Lester, 813/675-2966
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 6, 1995
Words:171
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