trending Market Intelligence /marketintelligence/en/news-insights/trending/W22QHt-yis2r_IWOjja1sw2 content esgSubNav
In This List

Alliance One International swings to profit in fiscal Q4

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Alliance One International swings to profit in fiscal Q4

Alliance One International Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to 89 cents per share, compared with a loss of $1.55 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.9 million, compared with a loss of $13.6 million in the year-earlier period.

The normalized profit margin increased to 0.9% from negative 2.2% in the year-earlier period.

Total revenue increased 19.9% on an annual basis to $738.1 million from $615.8 million, and total operating expenses climbed 14.2% from the prior-year period to $698.8 million from $612.0 million.

Reported net income came to $4.4 million, or 42 cents per share, compared to a loss of $17.6 million, or a loss of $2.00 per share, in the year-earlier period.

For the year, the company's normalized net income totaled 47 cents per share, compared with a loss of 95 cents per share in the prior year.

Normalized net income was $4.2 million, compared with a loss of $8.3 million in the prior year.

Full-year total revenue declined 12.3% from the prior-year period to $2.07 billion from $2.35 billion, and total operating expenses decreased 13.4% on an annual basis to $1.96 billion from $2.26 billion.

The company said reported net income came to a loss of $15.0 million, or a loss of $1.75 per share, in the full year, compared with a loss of $102.5 million, or a loss of $11.69 per share, the prior year.