USA: Dole Food Company, Inc. announces second quarter 2001 results
Dole Food Company, Inc. (NYSE:DOL) Thursday announced that its net income for the second quarter of 2001 was $37 million or 66 cents per share. Net income for the second quarter of 2001 included $8 million of pre-tax gain related to the sale of investments and $28 million of pre-tax expense primarily related to asset write-downs resulting from business reconfiguration programs initiated during the quarter. The $28 million of pre-tax expense is primarily for the shutdown and related asset sales of the company's California deciduous and Northwest apples businesses. Excluding these items, net income from ongoing operations was $50 million, or 90 cents per share, for the second quarter of 2001 compared with net income of $45 million, or 81 cents per share, for the second quarter of 2000, all from ongoing operations.
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