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New York Ag News Headlines |
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Pro-Fac Announces Second Fiscal Quarter Results
New York Ag Connection - 02/08/2010
Pro-Fac Cooperative, Inc., an agricultural cooperative, today filed its Report on Form 10-Q for the fiscal quarter ended December 26, 2009 with the Securities and Exchange Commission. The Form 10-Q
includes Pro-Fac's financial results for the second quarter of fiscal year 2010.
For the fiscal quarter ended December 26, 2009, Pro-Fac had net income of $238.1 million resulting primarily from the $238.4 million distribution received from Birds Eye Holdings LLC, net of normal
operating expenses of approximately $0.4 million.
Pro-Fac Cooperative is an agricultural cooperative that markets crops grown by its member-growers, including fruits (cherries, apples, blueberries, and peaches), vegetables (snap beans, dry beans, beets,
peas, sweet corn, carrots, squash, asparagus and potatoes) and popcorn. Only growers of crops marketed through Pro-Fac (or associations of such growers) can become members of Pro-Fac. Pro-Fac's
Class A cumulative preferred stock is listed on The Nasdaq Capital Market under the stock symbol, "PFACP".
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