Year-to-date cash flow per share increased by 20 percent to $0.42 per share, despite the effect of the late spring on the timing of input sales. The seasonal loss through three quarters of the year was $0.79 per share.
Crop Production Services gross profit increased by $1 million. However, increased expenses - in anticipation of further growth in this business - more than offset the gross profit gain, so that operating income declined by $3.1 million. Cheap UGG Mini Bailey Button,Free Shipping ugg mini bailey button is important to stress that between two-thirds and three-quarters of crop input purchases normally take place during the April through June time frame - results for earlier quarters may not, therefore, be indicative of the prospects for the year. Cheap UGG Womens Classic Short Dylyn ugg classic short dylyn Services operating income is up 24 percent for the second quarter compared to the same period one year ago, bring year-to-date operating income slightly ahead the first half of last fiscal year. The feed mill system has performed well.
In its 1995 Annual Report, by 93 operating units over three years, from a total of 220. As of April 30, 1996 UGG had 182 operating units a reduction of 38. The consolidation plan is progressing on schedule. The Company also completed an $85 million dollar securitization of its Canadian Wheat Board inventories. This initiative will lower UGG's cost of doing business and improve the predictability of the Company's balance sheet. UGG has also rebalanced its short- to long-term debt structure following the record capital expenditure program of fiscal 1995. In May a $35 million term debt issue was finalized. The proceeds are being used to retire short-term debt.
UGG is one of Western Canada's largest agri-business firms. Founded in 1906, the Company is diversified into grain merchandising services, crop input marketing and distribution, livestock production services, and farm business communications. UGG is publicly traded on the Toronto Stock Exchange and Winnipeg Stock Exchange, under the symbol Cheap UGG Bailey Bow For Sale ugg bailey bow .The May to July quarter is normally strong for the Company and, as previously noted, the operating results for May are encouraging.
The corporate-computing installation complements an earlier project in which HP updated UGG's grain-elevator computing system from DEC PDP 11 platforms to HP Business Servers. The resulting multiuser client/server solution has doubled administrative productivity at the grain-elevator sites, enhanced customer service, improved UGG headquarters-to-elevator communications and radically reduced UGG's support costs.