Vermont Pure Holdings, Ltd. Announces Financial Results for its First Fiscal Quarter Ending January 31, 2007
19 Marzo 2007 - 3:00PM
PR Newswire (US)
-Sales growth drives increase in earnings- WATERTOWN, Conn., March
19 /PRNewswire-FirstCall/ -- Vermont Pure Holdings, Ltd. (AMEX:VPS)
announced improved financial results for the first quarter of its
fiscal year 2007 and that it will file these results on Form 10-Q
with the Securities and Exchange Commission today. Total sales for
the first quarter of fiscal year 2007 increased 5% to $15.3 million
from $14.6 million for the comparable period a year ago. Gross
profit increased 4% in the first quarter of 2007 to $8.57 million
from $8.21 million for the quarter in 2006, representing 56% of
sales for the quarter for each of the respective years. Net income
increased to $291,000 in the first quarter of fiscal year 2007
compared to $65,000 in the first quarter of fiscal year 2006, and
improvement of $226,000. "These are our best first quarter
financial results in five years. Most of our core product sales
increased over last year." said Peter Baker, C.E.O. of Vermont Pure
Holdings, Ltd. "Consistent sales growth combined with stable cost
of goods and operating costs resulted in solid improvement in net
income for the period," Baker concluded. Vermont Pure Holdings,
Ltd. is the largest independent and third largest Home and Office
distributor of its kind in the United States. The Company bottles
and distributes natural spring water and purified with minerals
added bottled water under the Crystal Rock(R) and the Vermont
Pure(R) trademarks. It markets its bottled water brands, as well as
coffee and other home and office refreshment products, to customers
throughout New England and New York. Vermont Pure Holdings Ltd.'s
common stock trades on the American Stock Exchange under the
symbol: VPS. VERMONT PURE HOLDINGS, LTD Results of Operations
(Unaudited) Three Months Ended: January 31, January 31, 2007 2006
(000's $) Sales $15,302 $14,614 Income from operations $1,308 $936
Net Income $291 $65 Basic net earnings per share $0.01 $0.00
Diluted net earnings per share $0.01 $0.00 Basic Wgt. Avg. Shares
Out. (000's) 21,618 21,619 Diluted Wgt Avg. Shares Out. (000's)
21,618 21,619 Note: This press release contains forward looking
statements that involve a number of risks and uncertainties that
could cause actual results to differ materially from those
indicated by such forward looking statements, including integration
of acquisitions, ability to sustain and manage growth, changing
market conditions, and other risks detailed in the company's
filings with the Securities and Exchange Commission. DATASOURCE:
Vermont Pure Holdings, Ltd. CONTACT: Peter Baker, CEO,
+1-860-945-0661 Ext. 3001, or Bruce MacDonald, CFO,
+1-802-860-1126, both of Vermont Pure Holdings, Ltd. Web site:
http://www.vermontpure.com/
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