LA BELLE, Fla., Feb. 9, 2011 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced a net loss for the three months ended December 31, 2010 of $92 thousand or $0.01 per share, compared with a net loss of $1.4 million or $0.19 per share for the three months ended December 31, 2009. The Company reported operating revenues of $16.6 million and $14.1 million for the three months ended December 31, 2010 and 2009, respectively, representing a 17.3% improvement in the year over year comparison. Operations produced income of $483 thousand during the three months ended December 31, 2010, compared with a loss of income of $1.1 million during the three months ended December 31, 2009. The increase in operating income was primarily due to improvements in agriculture operations, and can be principally attributed to higher citrus and sugarcane prices and increased sugarcane volume.
Alico Reports First Quarter Earnings
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