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The Hain Celestial Group announces first quarter 2007 results
6 November 2006
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The Hain Celestial Group has reported results for the first quarter ended September 30, 2006. The natural-/organic-food company reported net sales of $210.2 million, a 30 percent increase compared with $161.1 million in the prior year first quarter.
Adjusted earnings in the quarter totaled $0.25 per share. The reported results include $1.1 million ($0.7 million after tax) of previously announced start-up costs at the company's West Chester Frozen Foods Facility, a gain of $2.5 million ($1.1 million after tax) from the sale of the Company's Biomarche fresh produce operation in Belgium, and a charge of $2.2 million ($1.4 million after tax) for an unfavorable decision by the German government regarding value added tax on all non-dairy beverage products.
"Our fiscal year 2007 is off to an excellent start,” says Irwin Simon, president and chief executive officer of Hain Celestial.
Adjusted earnings in the quarter totaled $0.25 per share. The reported results include $1.1 million ($0.7 million after tax) of previously announced start-up costs at the company's West Chester Frozen Foods Facility, a gain of $2.5 million ($1.1 million after tax) from the sale of the Company's Biomarche fresh produce operation in Belgium, and a charge of $2.2 million ($1.4 million after tax) for an unfavorable decision by the German government regarding value added tax on all non-dairy beverage products.
"Our fiscal year 2007 is off to an excellent start,” says Irwin Simon, president and chief executive officer of Hain Celestial.
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