Q1 Q1 will give a better idea as to the results of becoming lean and mean in 2011, due to cost compression by new management.
In Q1/11,Dominion Citrus Income Fund's operating profit was $467,000 for the three months ended April 2, 2011. This compares with an operating loss of $422,000 during the same period in 2010, thus marking a positive year-over-year increase of $889,000 in operating profit.
Q1/11 sales were $19.5 million.
Hopefully, we shall see a continuation of the improvements seen thruout 2011.
Even better, initiate a strategic review so as to maximize shareholder value............