Posts Tagged ‘revenues’

Capital City sees tax collections rise during fourth quarter

JACKSON — An encouraging sign for the city of Jackson’s economy is the $256,000 rise in sales taxes in the last quarter over the same period in 2010. The numbers primarily reflect a strong holiday season for retailers, but business leaders said they’re cautiously optimistic that gains could continue into this year. “Across the retail […] [...]

Casinos won more money from gamblers in December

ACROSS MISSISSIPPI — Mississippi casinos won more money from gamblers in December, the only month in 2011 that gaming revenues were higher than in 2010. For the year, gamblers lost $2.24 billion in the state’s casinos, down 6.3 percent from 2010 and the lowest amount since 1998. The take at Gulf Coast casinos dropped only […] [...]

Reeves pessimistic on short-term economic recovery

JACKSON — Lt. Gov. Tate Reeves yesterday said state revenue in fiscal year 2013 would not increase significantly, reflecting the financial difficulties Mississippi’s economy may experience in the next several fiscal years. “Economic recovery hasn’t hit Main Street, and Mississippi families and businesses continue to struggle,” Reeves said. “The economic outlook for the state reflects […] [...]

Renasant sees better quarter, but yearly earnings down

TUPELO — Renasant Corporation, for the fourth quarter of 2011, saw net income of $5.79 million, compared to $4.721 million for the fourth quarter of 2010. Basic and diluted earnings per share (EPS) were $0.23 for the fourth quarter of 2011 as compared to basic and diluted EPS of $0.19 for the fourth quarter of […] [...]

Cal-Maine records more sales, improved earnings

JACKSON — Cal-Maine Foods Inc. sold more eggs at higher prices in its fiscal second quarter, boosting profit despite higher feed costs. The nation’s largest producer of fresh eggs, Cal-Maine’s profit rose to $23.3 million, or 97 cents per share, in the quarter ended Nov. 26. That’s up 53 percent from $15.2 million, or 64 […] [...]

Sanderson Farms records loss despite increased sales

LAUREL — Sanderson Farms Inc. reported net sales for the fourth quarter of fiscal 2011 were $559.8 million, compared with $529.1 million for the same period a year ago. For the quarter, the poultry company reported a net loss of $21.6 million, or $0.97 per share, compared with net income of $47.8 million, or $2.08 per […] [...]

Barbour to release state budget proposal today

JACKSON — Mississippi Gov. Haley Barbour today is releasing his state spending plan for the coming budget year. The Republican leaves office when his second term ends Jan. 10, nearly six months before fiscal 2013 begins on July 1. He will make recommendations that new lawmakers and incoming Republican Gov. Phil Bryant can use as […] [...]

Hancock Fabrics reports ‘difficult’ third quarter

BALDWYN — Hancock Fabrics Inc. saw net sales for the third quarter of $70.8 million, compared to $73.5 million for third quarter of last year, and comparable store sales decreased 3.5 percent, compared to a 0.3 percent increase in the previous year. Operating income for the quarter was $1.2 million, compared to $2.8 million in […] [...]

Coast casinos raked in more winnings in October

MISSISSIPPI GULF COAST — The 11 Coast casinos won $88.2 million in October, up from $88.1 million in October 2010. The Sun Herald reports this is the sixth month this year gross casino revenue in South Mississippi topped 2010 levels, according to the report released yesterday by the Mississippi Department of Revenue. Winnings to date […] [...]

Barbour, lawmakers set FY2013 spending at $4.6B

Gov. Haley Barbour and key legislative leaders have decided the Legislature will have $4.6 billion to spend in fiscal 2013 that begins next July 1. As usually happens, the figure could change dramatically before lawmakers complete the 2012 session in May. It represents the first framework for the budget — an estimate of how much […] [...]

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