date:Jan 05, 2013
Calavo Growers, a US-based processed avocado products manufacturer and distributor, has reported that its net income for the fourth quarter ended 31 October 2012 increased by 69% to $6.1m, compared to $3.6m for the same period in 2011.
Net sales for the quarter decreased by 3.8% to $141.6m, compared to $147.3m for the corresponding period in the previous year. The company attributed the decline in sales to fall in avocados prices due to high fruit supply.
For the full year, net sales rose by 5