Printer Friendly

AG SERVICES OF AMERICA, INC. ANNOUNCES FOURTH QUARTER AND ANNUAL RESULTS

 CEDAR FALLS, Iowa, April 19 /PRNewswire/ -- During the three months ended Feb. 28, 1993, Ag Services of America (NASDAQ: AGSV) reported record net revenues of $6.2 million compared with $5.8 million for the three months ended Feb. 29, 1992. Net income for the three months ended Feb. 28, 1993 was $123,040 or $.07 per share, an increase of 46.4 percent compared with $84,064 or $.05 per share for the same period last year.
 For the year ended Feb. 28, 1993, the company also reported record net revenues of $54.6 million, an increase of 53.6 percent compared with $35.5 million for the year ended Feb. 29, 1992. Net income for the year ended Feb. 28, 1993 was $1,855,927 or $1.05 per share, an increase of 57.5 percent compared with $1,178,325 or $.84 per share for the year ended Feb. 29, 1992.
 Ag Services of America, Inc. supplies farm inputs including seed, fertilizer, agricultural chemicals, crop insurance, and cash advances for land rent, fuel, and irrigation to farmers primarily in the central United States.
 AG SERVICES OF AMERICA, INC.
 (In thousands, except per share amounts)
 Three Months Ended Year Ended
 2/28/93 2/29/92 2/28/93 2/29/92
 (Unaudited)
 Net revenues $6,157 $5,770 $54,562 $35,534
 Income before income taxes 163 110 2,901 1,854
 Net income $123 $84 $1,856 $1,178
 Earnings per share $.07 $.05 $1.05 $.84
 Weighted average shares 1,793 1,714 1,762 1,411
 -0- 4/19/93
 /CONTACT: Brad Schlotfeldt of Ag Services of America, 319-277-0261/
 (AGSV)


CO: Ag Services of America, Inc. ST: Iowa IN: AGR SU: ERN

KH -- MN013 -- 7420 04/19/93 12:44 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 19, 1993
Words:297
Previous Article:CISAKOWSKI NAMED TO HEAD KAUFMAN AND BROAD'S GROWING FRESNO DIVISION
Next Article:DEXTER REPORTS FIRST QUARTER RESULTS
Topics:


Related Articles
AG SERVICES OF AMERICA ANNOUNCES THIRD QUARTER RESULTS
AG SERVICES OF AMERICA ANNOUNCES FIRST QUARTER RESULTS
AG SERVICES OF AMERICA, INC. ANNOUNCES SECOND QUARTER RESULTS
AG SERVICES OF AMERICA, INC., ANNOUNCES SECOND QUARTER RESULTS
AG SERVICES OF AMERICA, INC. ANNOUNCES THIRD QUARTER RESULTS
AG SERVICES OF AMERICA, INC. ANNOUNCES ESTIMATED FOURTH QUARTER AND YEAR END RESULTS; COMMENTS ON SPRING 1995
AG SERVICES OF AMERICA, INC. ANNOUNCES YEAR END AND FOURTH QUARTER RESULTS
AG SERVICES OF AMERICA, INC. ANNOUNCES FIRST QUARTER RESULTS
AG SERVICES OF AMERICA, INC. ANNOUNCES RECORD YEAR END RESULTS
Ag Services of America, Inc. Announces Record Third Quarter and Nine Month Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters