Sat, Jul 04 2009
|
Published December 08, 2007 11:30 am - Board and management leaders from local farm supply operations heard reports on Southern States Coopera-tive’s fiscal year financial results at a conference on Nov. 27 in Bardstown. Co-op gives yearly report Special to the Daily Times Board and management leaders from local farm supply operations heard reports on Southern States Coopera-tive’s fiscal year financial results at a conference on Nov. 27 in Bardstown.
Among those attending were Billy Beckham, management representative, and Wade Barton, board representative from the Glasgow Southern States. According to reports presented by Thomas R. Scribner, Southern States’ president and CEO, and Leslie Newton, executive vice president and CFO, the cooperative: ‰ Had the best year against plan in a decade and one of the best operating performances in its history. ‰ Had sales in the fiscal year ended June 30 of $1.7 billion, a $100 million in-crease over last year. Had an increase in earnings from operations of $7.9 million over last year and $4.4 million for the year. ‰ Has continued to remodel and relocate selected stores to better serve changing local markets. Urban growth and the movement of families to areas where they can enjoy a rural lifestyle have changed the customer base of many Southern States stores in recent years, Scribner noted. ‰ Has continued to lower its funded debt despite business challenges posed by weather and increased prices of petroleum and fertilizer products and supporting inventories. 
More from the Business section
BUSINESS BRIEFS: Pare receives design award CFB hosts fundraiser for CMC, open house |
Print this story
Post to del.icio.us
 |
 |
 |
||||||
|
||||||
 |
|
|
|
|
© 2008, The Glasgow Daily Times
100 Commerce Drive Glasgow, KY 42142 Phone: (270) 678-5171 
|
Popular Business directory links - Glasgow Apartments | Glasgow Attorneys | Glasgow Auto Dealers | Glasgow Auto Parts | Glasgow Auto Repair | Glasgow Beauty Salons | Glasgow Car Rental | Glasgow Dentists | Glasgow Doctors | Glasgow Flowers | Glasgow Hotels | Glasgow Insurance | Glasgow Loans | Glasgow Mortgages | Glasgow Movers | Glasgow Pizza | Glasgow Realtors | Glasgow Restaurants | Glasgow Storage | Glasgow Tax Preparation | Glasgow Travel | Glasgow Featured | More...
|
|
Community Newspaper Holdings, Inc. • CNHI Classified Advertising Network • CNHI News Service |
