ALAMEDA, Calif., Nov 8, 2006 (PrimeZone Media Network via COMTEX) -- Allergy Research Group, Inc. (ALRG) announced financial results for the third quarter ending September 30, 2006.
ALRG recorded total revenue of $4,091,460 for the quarter, up 7% from 2005. The increase of $256,446 is primarily due to increased sales to distributors and retail accounts.
Cost of sales increased $183,402 to $2,529,300 for the quarter ended September 30, 2006, compared to $2,345,898 for the quarter ended September 30, 2005. The increase in cost of sales is due to the increase in sales compounded by increased freight costs. Gross profit margins remained stable at 38%.
During the quarter ended September 30, 2006, the Company recorded net earnings of $291,434 as compared to net earnings of $244,274 for the same period in 2005. Net income increased primarily because of increased sales.
Complete copies of the company's financial statements, including notes to the financials, can be found on its website at www.nutricology.com.