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BRIEF-Ag Growth reports Q4 adjusted profit per share $0.15

Published 2016-03-10, 07:44 a/m
© Reuters.  BRIEF-Ag Growth reports Q4 adjusted profit per share $0.15
AFN
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March 10 (Reuters) - Ag Growth International Inc AFN.TO :
* Announces fourth quarter and annual 2015 results; declares dividends
* Qtrly adjusted profit per share $ 0.15
* Expects sales in Q1 2016 to reflect weak demand levels experienced in Q4 2015
* Qtrly adjusted loss per share $1.48
* Qtrly trade sales $122.2 million versus $92.3 million
* Based on current conditions, sales and adjusted EBITDA for balance of 2016
are anticipated to reflect improvement over 2015
* Says anticipates consolidated adjusted EBITDA in Q1 2016 will approximate
2015 levels
* Says existing indicators point towards higher demand for farm equipment in
fiscal 2016 compared to 2015
* Commercial business, both domestically and overseas, is expected to perform
well in 2016 and sales are anticipated to exceed 2015 levels

* Source text for Eikon ID:nMKWPWq6ha

* Further company coverage AFN.TO

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