Alliance One International has announced results for its fiscal year ended March 31 2008. The company reported net income of US$16.9mn compared to a net loss of US$21.6mn for the prior fiscal year. Robert E Harrison, Chief Executive Officer, said: "Sales and net income were improved versus the prior year marking the first time since the merger that the company was profitable on a GAAP basis. Our results were driven primarily by continued strong industry fundamentals, but were tempered by increasing relative profitability of alternative crops and a resultant changing farmer base, a challenging foreign currency environment, new or expanded local market competition, and large African crop shortfalls. These challenges have all created significant cost pressure globally. In Brazil, a number of these factors have led to additional farmer loan provisions. We continue to work closely with our farmer base to ensure their sustainability in order to meet the requirements of our customers."
展开▼
机译：Alliance One International宣布了其截至2008年3月31日的财政年度的业绩。该公司报告的净收入为1,690万美元，而上一财政年度的净亏损为2,160万美元。首席执行官罗伯特·哈里森（Robert E Harrison）表示：“与去年同期相比，销售额和净收入均有所提高，这是自合并以来公司首次实现公认会计原则的获利。我们的业绩主要是受到持续强劲的行业基本面的推动，但由于替代作物相对盈利能力的提高，农民基础的变化，富有挑战性的外汇环境，新的或扩大的本地市场竞争以及非洲农作物的大量短缺，这些问题都受到了抑制，这些挑战都在全球范围内造成了巨大的成本压力。这些因素导致增加了农民贷款拨备。我们继续与我们的农民基础紧密合作，以确保农民的可持续发展，以满足客户的需求。”
展开▼
