trending Market Intelligence /marketintelligence/en/news-insights/trending/p2BW1fj_luhHpXUDEbAicQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

International Co. for Agricultural Crops swings to profit in fiscal Q3

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance


International Co. for Agricultural Crops swings to profit in fiscal Q3

International Co. for Agricultural Crops said its normalized net income for the fiscal third quarter ended March 31 came to 3.9 million pounds, compared with a loss of 232,980 pounds in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 2.9% from negative 0.2% in the year-earlier period.

Total revenue rose 41.9% year over year to 133.2 million pounds from 93.8 million pounds, and total operating expenses grew 34.5% from the prior-year period to 124.0 million pounds from 92.2 million pounds.

Reported net income came to 6.0 million pounds, or 7 piastres per share, compared to a loss of 196,760 pounds, or a loss of 0 piastres per share, in the prior-year period.

As of May 13, US$1 was equivalent to 8.88 Egyptian pounds.