Improved Performance at Alliance One

Source from:  Tobaccoreporter.com Nov 6, 2008 11/07/2008

Alliance One International reported net income of $20.4 million in the second quarter ended Sept. 30, 2008, compared with net income of $11.5 million in the same quarter of the prior fiscal year. "I am encouraged that the second quarter of this fiscal year continues to reflect the sound underlying fundamentals of our business and industry," said Robert E. Harrison, chief executive officer. "World tobacco stocks have continued to remain at low levels while demand has generally remained strong. We have been working actively with our broad customer base to ensure both their security of supply and the continued delivery of the highest possible quality products they require." For the six months ended Sept. 30, 2008, the company reported net income of $35.7 million, compared with net income of $17.4 million for the 2007 quarter. Enditem