The information provided in this announcement is based on the company's most recent SEC filing and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section. It also has not been incorporated by reference in any filing under the Securities Act of 1933, except as expressly stated in such a filing.
In other recent news, agricultural company Aliko has reported a remarkable surge in net income for fiscal year 2024, with earnings per diluted share also experiencing a significant increase. Despite this financial success, the company continues to grapple with operational challenges, particularly in citrus production, due to the lasting impact of past hurricanes. Aliko's net income rose to $7 million from $1.8 million in 2023, and earnings per diluted share increased to $0.91, up from $0.24 the previous year.
In an effort to overcome these challenges, Aliko has secured a new orange purchase agreement with Tropicana at noticeably higher prices. Additionally, the company has sold a large portion of its ranch land to the State of Florida for $77.6 million. These are among the recent developments that investors should note.
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