Universal Corp. Posts 4Q Profit

Source from:  AP & Sonoran Weekly Review 05/25/2016

Universal Corp. on Tuesday reported fiscal fourth-quarter profit of $48 million.

The Richmond, Virginia-based company said it had net income of $1.72 per share. Earnings, adjusted for non-recurring gains, came to 37 cents per share.

The leaf tobacco merchant posted revenue of $804 million in the period.

For the year, the company reported profit of $109 million, or $3.92 per share. Revenue was reported as $2.12 billion.

Universal Corp. shares have fallen roughly 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares increased 0.95% or $0.52, hitting $55.21, a climb of nearly 10 percent in the last 12 months.

Universal Corporation operates as a leaf tobacco merchant and processor worldwide. It engages in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products.