Pro-Fac Announces Second Fiscal Quarter 2008 Results
11 Febrero 2008 - 9:30AM
PR Newswire (US)
FAIRPORT, N.Y., Feb. 11 /PRNewswire-FirstCall/ -- Pro-Fac
Cooperative, Inc. ("Pro-Fac" or the "Cooperative") (NASDAQ:PFACP),
an agricultural cooperative, filed its Report on Form 10-QSB for
the fiscal quarter ended December 29, 2007 today with the
Securities and Exchange Commission. The Form 10-QSB among other
things includes Pro-Fac's financial results for the second quarter
of fiscal 2008. For the fiscal quarter ended December 29, 2007,
Pro-Fac had net income of $1.0 million. The income for the quarter
ended December 29, 2007, resulted primarily from investment income
earned of $0.7 million, net of normal operating expenses of
approximately $0.4 million and a tax-benefit of $0.6 million. ABOUT
PRO-FAC: Pro-Fac Cooperative is an agricultural cooperative that
markets crops grown by its member-growers, including fruits
(cherries, applies, blueberries, and peaches), vegetables (snap
beans, beets, cucumbers, peas, sweet corn, carrots, cabbage,
squash, asparagus and potatoes) and popcorn. Only growers of crops
marketed through Pro-Fac (or associations of such growers) can
become members of Pro-Fac. Pro-Fac's Class A cumulative preferred
stock is listed on The Nasdaq Capital Market under the stock
symbol, "PFACP". More information about Pro-Fac can be found on its
web site at http://profaccoop.com/. DATASOURCE: Pro-Fac
Cooperative, Inc. CONTACT: Kevin Murphy for Pro-Fac Cooperative,
Inc., +1-585-218-4210 Web site: http://profaccoop.com/
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