Citrus prices help Alico profit

  • By Business Observer Staff
  • | 4:33 p.m. May 11, 2011
  • Charlotte–Lee–Collier
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LA BELLE — Alico Inc. (symbol: ALCO) earned $2.7 million in profits in the first three months of 2011, up nearly 100% from its $1.4 million total over the same timeframe last year. CEO JD Alexander said strong market prices for agricultural products boosted the La Belle-based firm's financial performance.

 

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