WASHINGTON (dpa-AFX) - Alliance One International Inc (AOI), a tobacco leaf company, on Monday reported first-quarter net earnings of $3.8 million or $0.04 per share compared with a loss of $17.1 million or $0.18 per share last year.
Results for the latest quarter included $8.6 million of restructuring and asset impairment charges, as well as the impact of $0.4 million of debt retirement income. After adjusting for tax, the net impact of these items negatively impacted earnings per share by $0.08.
Revenues for the quarter increased 19.9% from a year ago to $738.1 million.
Copyright RTT News/dpa-AFX