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Tag Archives: costs

Sanderson Farms sees sales rise, but posts loss

LAUREL — Sanderson Farms Inc. reports net sales for the first quarter of fiscal 2013 were $595.8 million, compared with $517.8 million for the same period a year ago. For the quarter, the poultry company had a net loss of $6.9 million, or $0.31 per share, compared with a net loss of $8.0 million, or $0.36 per share, for the first ...

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Utility's earnings up, but expansion and hiring delayed

ATLANTA — Southern Company reported fourth quarter 2012 earnings of $383 million, or 44 cents a share, compared with earnings of $261 million, or 30 cents a share, in the fourth quarter of 2011. Southern Company, the parent company of Mississippi Power Co., also reported full-year 2012 earnings of $2.35 billion, or $2.70 a share, compared with earnings for 2011 ...

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Drought shrinking ranchers' profits; consumers to feel impact

ACROSS MISSISSIPPI — Pictures of wilting corn in the Midwest may dominate the evening news, but the 2012 drought is also shrinking livestock’s profit potential nationwide. John Michael Riley, agricultural economist with Mississippi State University’s Extension Service, said the drought means livestock, dairy and aquaculture producers will continue to see higher feed prices. “Cattle will be the most impacted, both ...

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Mississippi Power's Kemper plant running $366M over budget

KEMPER COUNTY — As the Mississippi Business Journal’s Clay Chandler reported last week, Mississippi Power Company has told regulators the power plant it is building in Kemper County is $366 million over budget. The overrun would push the total cost of the coal-fired power plant being built by the unit of Atlanta-based Southern Co. to $2.76 billion. That’s only $110 ...

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MDOT looking to cut costs by trimming 2,300-vehicle fleet

JACKSON — The Mississippi Department of Transportation is working to reduce its fleet of vehicles by 10 percent over the next five years, according to transportation commissioner Mike Tagert. Tagert, who represents the northern district, says MDOT has a fleet of 2,300 vehicles. He says any reduction would not affect 300 emergency vehicles. The Daily Times Leader reports Tagert said ...

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New out-of-state tuition waiver goes into effect July 1

JACKSON — The flexibility of a new law that will allow universities to waive out of state tuition will let each school structure a plan conducive to its needs, according to high education leaders. Higher Education Commissioner Hank Bounds tells the Clarion-Ledger the law will particularly help Delta State University in Cleveland and Mississippi University for Women in Columbus, which ...

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PEER releases cost-per-inmate-day report

JACKSON — During its 1994 special session, the Legislature passed Senate Bill 2005 (now codified as MISS. CODE ANN. Section 47-5-1201 et seq. [1972]) to address short- and long-term bed capacity within the state’s correctional system. The bill created the State Prison Emergency Construction and Management Board to expedite the contracting and construction of proposed public and private prison facilities ...

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