Aug. 10: ALCO, SNHY, STRC

Alico Inc.
Cost cutting has boosted profits for Alico Inc., the land management company based in La Belle.

Operating revenues for the second quarter of 2010 were $28.4 million, down slightly from last year's $31.2 million. But net income more than tripled, from $609,000 in 2009's second quarter to $2.3 million this year.

"Our emphasis on controlling expenses in each of our operating divisions is yielding positive results,” said Alico CEO JD Alexander, adding that general and administrative expenses for the company fell 44% below last year's amount.