Synergy Brands Reports Record Profits of $0.13 Per Share and 120% Increase in Revenues for 1998
SYOSSET, N.Y.--(BUSINESS WIRE)--April 8, 1999--Synergy Brands, Inc. (NASDAQ: SYBR - news) today reported revenues of $11,055,549 for the year ending December 31, 1998, an increase of 120% over revenues of $5,389,361 for the year ending December 31, 1997. Profits before one time charges soared 800% to $717,000, or $0.13 per share, compared to profits before one time charges of $79,682, or $0.05 per share, for periods ending December 31, 1998 and 1997, respectively. Including one time charges, the company's fully diluted earnings totaled $297,508 or $0.05 per share compared to a loss of ($50,950), or ($0.03) per share for the same period in 1997.
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Regards,
Bill Fortune III |
