Chiquita enjoys a fruitful second quarter

Aug. 9, 2004
Chiquita Brands International Inc has reported second-quarter 2004 net income of $30 million.

Chiquita Brands International Inc has reported second-quarter 2004 net income of $30 million, including an after-tax loss of $4 million on the sale of its Colombian banana production division. The company tallied net income of $57 million for the same period a year ago.

“We achieved solid operating performance in the second quarter considering the impact of asset sales, which represented a difference of $33 million in net income year-over-year,” said Fernando Aguirre, chairman and chief executive officer.

Net sales for the 2004 quarter were $848 million, up from $829 million in second-quarter 2003. Operating income from continuing operations was $37 million, compared with $61 million in the year-ago period.

About the Author

from staff and wire reports

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Waiting for a breakdown is costing you. Learn how smart preventive maintenance plans, accurate data, and cross-team coordination can protect your bottom line and boost profits...
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...