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Posts Tagged ‘revenues’

Coast casinos up, riverboats down in April

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 [...] [...]

Legislature completes work on $5.6B state budget

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 [...] [...]

Negotiators close to agreeing on $5.6B state budget

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 [...] [...]

Gov. Bryant revises his proposed state budget

by Associated Press Published: March 28,2012

Tags: appropriations, budget, economy, executive, governor, recession, revenues, spending, state government, tax collections, taxes

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 [...] [...]

Cal-Maine sees increased sales, but profits tumble 22 percent

by MBJ Staff Published: March 26,2012

Tags: earnings, eggs, food, input costs, manufacturer, manufascturing, profits, publicly traded company, revenues, sales

JACKSON — Cal-Maine Foods Inc., the egg seller and distributor, said today that its fiscal third-quarter profit tumbled 22 percent, weighed down by rising feed costs. President and CEO Dolph Baker said in a statement that the company expects feed costs will remain very high and volatile throughout the summer due to tight supplies of [...] [...]

State’s casinos brought in more winnings in February

ACROSS MISSISSIPPI — February winnings for Mississippi’s casinos rose 2.6 percent from a year ago, only the second time in the last year that revenues have improved at the state’s 30 gambling halls. The month was aided by the leap year’s extra day, as well as Mardi Gras occurring in the month. In 2011, Mardi [...] [...]

Budget committee adds $99M to current-year budget; $130M to next year

JACKSON — Citing better-than-expected tax collections in recent months, Mississippi lawmakers are increasing the pool of money available for the state to spend during the current and coming budget years. The Joint Legislative Budget Committee voted yesterday to add about $99 million to the budget for the current year, which ends June 30, and about [...] [...]

Better-than-expected revenue collections could affect budget process

JACKSON — Top Mississippi lawmakers say that because of relatively robust tax collections, they may increase the estimate of how much money the state can spend during the coming fiscal year. Yet Republican Lt. Gov. Tate Reeves said yesterday that even if the revenue estimate increases, state agencies shouldn’t expect their spending to rise. So [...] [...]

Callon reports improved earnings for quarter, year

by MBJ Staff Published: March 19,2012

Tags: earnings, energy, gas, net income, Oil, petroleum, publicly traded compasny, revenues

NATCHEZ — For the year ended Dec. 31, 2011, Callon Petroleum reported net income of $104.1 million or $2.70 per fully diluted share, as compared to $8.4 million or $0.28 per share for the year ended December 31, 2010. Included in net income is an income tax benefit of $67 million, primarily related to the [...] [...]

Sanderson sees better quarter, but still loses $8M

LAUREL — Sanderson Farms Inc., for the first fiscal quarter ended Jan. 31, saw net sales of $517.8 million compared with $427.7 million for the same period a year ago. For the quarter, the poultry company had a net loss of $8.0 million, or $0.36 per share, compared with a net loss of $33.6 million, or [...] [...]

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