Chiquita Reports Second Quarter 2007 Results.
PR Newswire Europe, August, 2007
CINCINNATI, August 2 /PRNewswire/ --
- Company Makes Significant Debt-Reduction Progress, But Net Income Declines Year-over-Year
Chiquita Brands International, Inc. (NYSE: CQB) today released financial and operating results for the second quarter 2007. Second quarter net sales increased by 2 percent year-over-year to US$1.3 billion, and the company reported net income of US$9 million, or US$0.20 per diluted share, including a charge of US$3 million, or US$0.07 per share, related to a settlement of U.S. antitrust litigation. The company reported net income of US$23 million, or US$0.54 per diluted share, in the year-ago period.
"We were not satisfied with our second quarter results," said Fernando Aguirre, chairman and chief executive officer....
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