Alico Inc. announces year-end earnings.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 income for the year ended Aug. 31, 1996 was $4.4 million, or $.63 per share, compared to $8.9 million, or $1.27 per share for the year ended Aug. 31, 1995. Total revenues for the 1996 and 1995 fiscal years were $36.1 million and $39.6 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, 1996 was $77.4 million compared to $75.4 million at Aug. 31, 1995. Griffin stated that gross earings from agribusiness activities during fiscal 1996 approximated the previous year. The decrease in net income was attributable to a significant decrease in real estate earnings. The company completed a sale of 5,800 acres 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:
Griffin said the company was pleased that earnings from its major activity, agribusiness, compared favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to the previous year. CONTACT: Alico Inc., La Belle W. Bernard Lester, 941/675-2966 |
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