Greenhouse Canada

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Busy second quarter for Bevo Agro


February 26, 2010
By Dave Harrison

Feb. 26, 2010, Langley, B.C. – Bevo
Agro Inc. (BVO:TSX-Ven.) reports sales
of $3,705,700 for the second quarter ending Dec.  31, 2009, compared to
sales of $3,768,651 for the quarter
ending Dec. 31, 2008.



Feb. 26, 2010, Langley, B.C. – Bevo Agro Inc. (BVO:TSX-Ven.) reports sales
of $3,705,700 for the second quarter ending Dec.  31, 2009, compared to sales of $3,768,651 for the quarter
ending Dec. 31, 2008.

Sales for the six months ending Dec. 31, 2009, totalled $6,673,144, an
increase of $1.6 million over sales of $5,072,246 for the six months ending
Dec. 31, 2008. Some $871,378 of the increase resulted from the federal
government’s AgriStability payment.

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Total expenses for the most recent quarter are $160,193 lower than the
same quarter the previous year as a result of lower borrowing costs and
amortization.

The company generated net earnings of $49,027 for the three months ended
Dec. 31, 2009, compared to a net profit of $11,404 for the three months ending
Dec. 31, 2008. The net loss for the six months ending Dec. 31, 2009, was
$54,663 compares to a net loss of $705,757 last year.

Net earnings for the 12 months ending Dec. 31, 2009, have
increased to nearly $3,486,656 from trailing 12 month earnings of $1,991,769 at
Dec. 31, 2008.

Bevo Agro is a leading North American supplier of propagated
agricultural plants, growing and distributing vegetable, flower, berry and
other plant seedlings. Bevo propagates quality seedlings and plants for
wholesale vegetable greenhouse growers, field growers and nursery operators
from its 34-acre production facility.


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