Alico profits rise

FORT MYERS — Rising citrus prices boosted Alico's profitability in the second quarter ending March 31, the company reported.

Alico reported net income rose 47% to $4.1 million on revenues of $37.5 million in the second quarter compared with the same quarter in 2013. The company owns 130,800 acres in six central and Southwest Florida counties on which it grows citrus and sugarcane and raises cattle.

Revenues in the second quarter dipped 2.4% from the $38.4 million it reported in the second quarter last year. “Historically, our agricultural operations have been seasonal in nature with the second quarter and third quarter generally producing the majority of our annual revenue and the first and fourth quarters producing less revenue,” the company says in a statement.