Alico Reports First Quarter Earnings

by on February 9, 2010

LA BELLE, Fla., Feb. 9, 2010 (GLOBE NEWSWIRE) — Alico, Inc. (Nasdaq:ALCO), a land management company, announced a net loss for the three months ended December 31, 2009 of $1.4 million or $0.19 per share compared with a loss of $0.2 million or $0.02 per share, for the three months ended December 31, 2008. Earnings from interest on mortgages, real estate sales and agriculture operations were below prior year results and combined to cause the earnings decline.

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Alico Reports First Quarter Earnings

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