Nutrition 21 swings to profit
-
- February
- 5
Nutrition 21 Inc., the Purchase company that markets nutritional supplements under the Iceland Health, Chromax and Diabetes Essentials brands, earned $102,000 during the second quarter of its fiscal 2009, compared with a loss of $3.8 million, or 6 cents a share, a year earlier.
Revenues in the quarter that ended in December were $12.9 million, down from $13 million.
The company said the profit was largely due to a reduction in expenses, mainly advertising and promotion expenses. The company is trying to match its spending to its revenue growth.
Michael A. Zeher, the president and chief executive officer of the company, said in a statement: “We are pleased to have reported our second consecutive profitable quarter, particularly in light of the challenging current economic environment.”
“Sales of Nutrition 21 products to our major retailers increased 40 percent versus the comparable quarter last year,” he said. “We are pleased with the traction that our strategic operating plan is beginning to achieve in the retail space.”
This entry was posted
on Thursday, February 5th, 2009 at 10:25 am by Allan Drury.
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Category: Earnings season
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