Nutrition 21 earns $200,000
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- November
- 13
Nutrition 21 Inc., the Purchase-based company that markets nutritional supplements, said this morning it earned $200,000 during the first quarter of its fiscal 2009, its first profitable quarter in seven years.
The company lost $4.1 million in the first quarter of fiscal 2008.
Revenues rose to $12.7 million, from $12.2 million.
Michael Zeher, the company’s president and chief executive, said he was pleased with the results.
“Revenues were strong despite the current difficult economic conditions, and our net income was the first we’ve recorded since the first quarter of fiscal 2002,” he said.
He said the company expects to expand relationships with some of its retail customers and to introduce several new products the rest of the fiscal year.
This entry was posted
on Thursday, November 13th, 2008 at 9:52 am by Allan Drury.
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Category: Earnings season
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