Seneca Foods Corp. (SENEA: Quote,SENEB: Quote) reported that its fourth-quarter net loss attributable to common stock was $2.11 million, or $0.18 per share, compared to a net loss of $1.82 million, or $0.15 per diluted share, in the fiscal fourth quarter of 2011.
Excluding a non-cash after-tax LIFO charge of $11.3 million, net earnings per share for the quarter were $0.74 versus a $0.20 net loss per share last year.
Net sales for the fourth quarter ended March 31, 2012 increased from the fourth quarter ended March 31, 2011 by 7.2%, to $271.2 million. The increase is attributable to increased selling prices and more favorable sales mix of $54.3 million and partially offset by less sales volume of $36.1 million.
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by RTT Staff Writer
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