Alliance One Int'l (AOI) Reports Q4 Loss of $0.03/Share
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Alliance One International Reports Fiscal Year 2017 and Fourth Quarter Results
June 14, 2017 4:05 PM EDTMORRISVILLE, N.C., June 14, 2017 /PRNewswire/ --Â Alliance One International, Inc. (NYSE: AOI) today announced results for its fiscal year and fourth quarter ended March 31, 2017.
Highlights
Fiscal 2017 (1)
Sales decreased 10.0% to $1,714.7 million mainly as a result of smaller crops in the U.S., Brazil and Tanzania primarily related to El Niño weather conditions, the strong U.S. dollar, changes in product mix and timing of crops. Gross profit as a percentage of sales improved to 12.7% from 11.9% helped by reduced lower of cost or market... More