International Yogurt Reports Income Up 62% for the Year
PR Newswire - January 21, 1999 08:17
PORTLAND, Ore., Jan. 21 /PRNewswire/ -- International Yogurt Company (Nasdaq: YOCM), Portland manufacturer and wholesaler of YOCREAM(R) frozen desserts, snacks, and beverages issued its results for the quarter and fiscal year, ended October 31, 1998, and again reported record sales and profits.
Fourth quarter revenues of $3,128,408 were up 42%, and earnings of $203,228 were up 102% over the same quarter last year.
Annual revenues of $10,206,524 were up 18%, and earnings of $702,703 were up 62% over last year.
"The trend continues," John Hanna, Chairman and CEO stated. "Revenue increased over 35% for the first two months of the current quarter. New markets have been penetrated with new products that we believe will keep driving us ahead."
4th QUARTER, OCTOBER 31 1998 1997
Revenues $3,128,408 $2,210,664
Net Income 203,228 100,403
Per Share .08 .04
YEAR ENDED, OCTOBER 31 1998 1997
Revenues $10,206,524 $8,677,547
Net Income 702,703 433,546
Per Share .30 .19
Visit the Company's web site at www.yocream.com.
SOURCE International Yogurt Company
/CONTACT: Terry Lusetti, Investor Relations of International Yogurt
Company, 503-256-3754/
/Web site: yocream.com
(YOCM)
I do not represent YOCM at this time nor have I been compensated in any manner shape or form by this company!
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