Specialist cheese maker Lucille Farms has reported disappointing financial results for the Q4 ended 31 March 2002.
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The Montville, NJ-based firm said that increased losses were due to the continued low price of cheese as quoted on the Chicago Mercantile Exchange (CME), decreased demand in the commodity cheese markets and that milk prices that did not adjust accordingly to the price of cheese.
Q4 ended 31 March FY ended 31 March
2002 2001 2002 2001
(in thousands US$) (in thousands US$)
Net sales $10,217 $11,842 $44,915 $41,374
Net income (loss) ($992) ($244) ($1,540) ($1,477)
Weighted average
shares (basic) 2,951,442 2,971,342 2,961,392 2,971,342
Earnings (loss) per
share (basic) $(.34) $(.08) $(.52) $(.50)
Weighted average
shares (diluted) 2,951,442 2,971,342 2,961,392 2,971,342
Earnings (loss) per
share (diluted) $(.34) $(.08) $(.52) $(.50)
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