Nutrition 21 reports narrower loss
-
- May
- 12
Nutrition 21 Inc., the Purchase company that markets nutritional supplements, said this morning it lost $400,000, or a penny a share, in its fiscal third quarter.
The loss was narrower than the $8.2 million, or 13 cents a share, reported for the third quarter of fiscal 2008.
Revenues dropped to $8.6 million from $10.8 million in the quarter that ended in March.
Michael A. Zeher, the president and chief executive of the company, said the weak economy was the main reason for the drop in revenues. But he said the company’s bottom line results “continue to show dramatic improvement.”
He said the company is pleased with sales of the Iceland Health branded products. Consumer purchases at the retail level of those products rose 29 percent, he said.
“Despite significant economic headwinds, we are demonstrating that our combination of strong branding, safe and efficacious products, and effective marketing support are driving strong results,” he said.
This entry was posted
on Tuesday, May 12th, 2009 at 8:55 am by Allan Drury.
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