Chiquita Reports Fourth Quarter and Full-Year 2007 Results.(Financial report)
PR Newswire Europe, February, 2008
CINCINNATI, February 19 /PRNewswire/ --
- Improved Banana Pricing and Salad Volumes Offset Continuing Cost Pressures
Chiquita Brands International, Inc. (NYSE: CQB) today released financial and operating results for the fourth quarter and full-year 2007.
Fourth quarter net sales increased 6 percent year-over-year to US$1.2 billion, and the company reported a net loss of US$26 million, or (US$0.67) per diluted share, including a charge of US$26 million related to the company's previously announced restructuring plan. In the year-ago period, the company reported a net loss of US$42 million, or (US$0.98) per diluted share, including a US$25 million accrual related to the settlement of a U.S. Department of Justice investigation. The company's...
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