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Biotech / Medical : ABT: Abbott Laboratories
ABT 124.51-1.7%3:59 PM EDT

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To: HerbVic who wrote (21)9/10/2003 3:43:51 PM
From: HerbVic  Read Replies (1) of 33
 
Rising infant-formula sales enhance Martek's bottom line
Revenue up sharply from its supplements


By TaNoah Morgan
Sun Staff
Originally published September 10, 2003

With sales of infant formulas enhanced with its supplements increasing, Martek Biosciences Corp. reported sharp gains yesterday in both net income and revenue for its fiscal third quarter.
The growth continues the trend of strong sales the company has seen since infant formula makers introduced the formulas with Martek's supplement into the U.S. market last year.

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More than 90 percent of the company's third-quarter revenue was generated by sales of its DHA and ARA supplements to Mead Johnson, Wyeth, Abbott Laboratories and Nestle - makers of all of the major brands of infant formulas in the United States and the world, the company said.

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sunspot.net
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