Record sales for Bevo

Bevo, one of North Americas largest plant propagators, reports that its net earnings increased by 136% to $2,825,603 for the year ending June 30, 2016 compared to the previous year earnings of $1,197,556. Net earnings for the fourth quarter were $1,700,264, an increase of 93% over net earnings of $881,968 in Q4 last year.

In a news release the company said that it has experienced record sales of $31,167,250, an increase of 19 % with the previous financial year. Sales for the fourth quarter rose by 19% to $13,110,528 from $11,000,578 in Q4 last year and increased for the fourth consecutive quarter.

"The increase in sales was due to improved utilization of existing greenhouse areas and increased customer plant requirements. The additional eight acres of greenhouse space will be used to meet increased orders from our present customers", said the company in statement

For more information:
Jack Benne, President
Bevo Agro Inc.
Phone: (604) 888-0420
Fax: (604) 888-8048
jackbenne@bevofarms.com
www.bevofarms.com