Vermont Pure Holdings, Ltd. Announces Financial Results for its First Fiscal Quarter Ending January 31, 2008
17 Marzo 2008 - 2:30PM
PR Newswire (US)
WATERTOWN, Conn., March 17 /PRNewswire-FirstCall/ -- Vermont Pure
Holdings, Ltd. (AMEX:VPS) announced its financial results for the
first quarter of its fiscal year 2008 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 2008
increased 7% to $16.4 million from $15.3 million for the comparable
period a year ago. Gross profit also increased 7% in the first
quarter of 2008 to $9.1 million from $8.6 million in the same
quarter a year earlier. Gross margin for the quarter, as a
percentage of sales, of 56% was unchanged from year to year. Net
income increased 76% to $512,000 in the first quarter of fiscal
year 2008 compared to $291,000 in the first quarter of fiscal year
2007. "We are pleased were able to increase profitability in the
first quarter as the cost of fuel and raw materials continued to
increase and the competitive landscape continued to intensify,"
said Peter Baker, C.E.O. of Vermont Pure Holdings, Ltd. "We plan to
dedicate more resources to sales of our core products and improve
operating efficiencies throughout the organization to sustain
profitable growth throughout the year," 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,
2008 2007 (000's $) Sales $16,385 $15,302 Income from operations
$1,546 $1,308 Net Income $512 $291 Basic net earnings per share
$0.02 $0.01 Diluted net earnings per share $0.02 $0.01 Basic Wgt.
Avg. Shares Out. (000's) 21,614 21,618 Diluted Wgt. Avg. Shares
Out. (000's) 21,614 21,618 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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