Alliance One (AOI) Reports Q4 EPS of $0.04
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Alliance One International Reports Improved Profitability for Fiscal Year 2015 and Fourth Quarter Results
June 8, 2015 4:42 PM EDTMORRISVILLE, N.C., June 8, 2015 /PRNewswire/ -- Alliance One International, Inc. (NYSE: AOI) today announced results for its fiscal year and fourth quarter ended March 31, 2015.
Highlights
Fiscal 2015
Sales decreased 12.3% to $2,065.9 million primarily due to the impact of a Brazilian subsidiary that was deconsolidated following completion of a joint venture in March 2014, as well as lower full service volumes and reduced average sales price as a result of global oversupply. Gross profit increased 6.3% to $255.1 million and gross profit as a percentage of sales also improved to... More