FT. MYERS, Fla. (AP) — FT. MYERS, Fla. (AP) — AliCo. (ALCO) on Monday reported a loss of $8.5 million in its fiscal fourth quarter.
The Ft. Myers, Florida-based company said it had a loss of $1.11 per share. Losses, adjusted for restructuring costs, came to $1.10 per share.
The agribusiness and land management company posted revenue of $802,000 in the period.
For the year, the company reported a loss of $147.3 million, or $19.29 per share, swinging to a loss in the period. Revenue was reported as $44.1 million.
Alico shares have climbed 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.73, a climb of 20% in the last 12 months.
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