Limoneira revenue was up in 2017 but net income fell

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Limoneira revenue was up in 2017 but net income fell

By Staff Report / Monday, January 8th, 2018 / Comments Off on Limoneira revenue was up in 2017 but net income fell

Limoneira reported an 8.5 percent increase in its revenue in fiscal 2017 to $121.3 million but net income fell to $6.55 million, down 18.7 percent year-over-year. Revenues during the fourth quarter decreased to $15.9 million for the Santa Paula citrus grower, primarily driven by a nearly 20 percent drop in agribusiness revenues due to a…

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