Mississippi Business Journal » revenues

Cal-Maine’s profits soar; Baker replacing Adams as chairman

Associated Press — Mon, 30 Jul 2012 15:17:14 +0000

JACKSON — Egg producer Cal-Maine Foods says its net income grew more than five-fold in its fiscal fourth quarter as it produced and sold more eggs in the period on stronger consumer demand and got a lift from a one-time gain related to a joint venture. Cal-Maine said its average selling price rose 9.7 percent [...]

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Valley State laying off staff due to state budget cuts

Associated Press — Thu, 14 Jun 2012 15:00:17 +0000

ITTA BENA — Mississippi Valley State University is laying off about 4 percent of its staff as a response to continued state budget cuts. Spokeswoman TaRessa Stoval tells The Greenwood Commonwealth the 21 employees being laid off include clerical personnel, service personnel and mid-level managers. The cuts take effect June 30. She says the affected [...]

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Capital City residents to pay more taxes to support schools

Associated Press — Tue, 12 Jun 2012 15:10:58 +0000

JACKSON — Jackson residents will soon pay more in taxes supporting the city’s school district. When 81 percent of voters in 2006 approved a $150 million bond issue to build more schools and improve others, it meant they were willing to have property taxes raised to pay that debt. But city leaders didn’t raise taxes [...]

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Hancock Fabrics’ sales up, but still records net loss

MBJ Staff — Mon, 11 Jun 2012 19:35:19 +0000

BALDWYN — Hancock Fabrics Inc., for its first quarter ended April 28, reports an operating loss of $1.2 million, compared to a $1.0 million loss in the first quarter of last year. The net loss was $2.4 million, or $0.12 per basic share, compared to a net loss of $2.2 million, or $0.11 per basic [...]

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State tax collections exceed forecast, but agencies still face budget cuts

Associated Press — Thu, 07 Jun 2012 20:19:53 +0000

ACROSS MISSISSIPPI — Mississippi tax collections are up, but lawmakers say state agencies still might face budget cuts during the 2013 session. Because of a sluggish economy, Mississippi still hasn’t recovered from the Great Recession. Tax collections remain below where they were during the fiscal year that ended June 30, 2008. The Northeast Mississippi Daily [...]

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Phosphate Holdings loses $1.1M during first quarter

MBJ Staff — Wed, 30 May 2012 19:41:52 +0000

MADISON — Phosphate Holdings Inc. (PHI) reported a first quarter 2012 net loss of $1.1 million, compared to net income of $16,000 for the same period in 2011. The company incurred an operating loss of $1.9 million for the first quarter of 2012, compared to operating income of $53,000 for the prior-year period. Earnings before [...]

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Coast casinos up, riverboats down in April

Associated Press — Fri, 25 May 2012 15:02:11 +0000

ACROSS MISSISSIPPI — Revenue for Mississippi Coast casinos was up in April, but the take at river casinos dropped, depressing the overall revenue at the state’s gambling halls. The state’s casinos won 1.2 percent less money, with revenues falling to $187 million last month from $189.3 million in April 2011. Casinos in the Gulf Coast [...]

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Legislature completes work on $5.6B state budget

Associated Press — Tue, 01 May 2012 15:34:20 +0000

JACKSON — Mississippi lawmakers have completed their part of the state budget process, passing a final batch of appropriations bills. The overall $5.6 billion budget is for fiscal 2013, which begins July 1. The House and Senate yesterday passed bills giving funds to the Mississippi Development Authority, the Department of Finance and Administration, and the [...]

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Negotiators close to agreeing on $5.6B state budget

Associated Press — Fri, 27 Apr 2012 21:27:10 +0000

JACKSON — Negotiators at the Mississippi Capitol say they’re close to agreeing on a $5.6 billion state budget for the year that begins July 1. House and Senate leaders were trying to work out some final details at midday today, and they were hoping to file final budget proposals by this evening. That would be [...]

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Gov. Bryant revises his proposed state budget

Associated Press — Wed, 28 Mar 2012 14:27:25 +0000

JACKSON — Gov. Phil Bryant is revising his state budget for the year that begins July 1. In his new plan, released yesterday, the Republican no longer asks local school districts to dig into their own financial reserves to offset state funding cuts. Instead, he proposes giving elementary and secondary schools, community colleges and universities [...]

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