Alliance One International, Inc. (AOI) Reports Q1 Loss of $2.58

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Go back to Alliance One International, Inc. (AOI) Reports Q1 Loss of $2.58

Alliance One International Reports Increased Sales and Adjusted EBITDA for Fiscal Year 2016 First Quarter Results

August 5, 2015 4:35 PM EDT

MORRISVILLE, N.C., Aug. 5, 2015 /PRNewswire/ -- Alliance One International, Inc. (NYSE: AOI) today announced results for its first fiscal quarter ended June 30, 2015.

Highlights

Sales and other operating revenues increased 5.9% to $263.8 million driven by increased volumes resulting from the timing of shipments from South America and increased customer demand for Asian tobacco. Gross profit decreased 2.6% to $34.2 million and gross margin as a percentage of sales also decreased from 14.1% to 13.0% as a result of a $3.5 million increase in foreign currency hedging costs and change in product mix.... More