[4/29/2005] Balchem Corporation First Quarter 2005 Results
US-based Balchem Corporation (BCP) has reported FY05 Q1 results, with sales of $19.3 million versus $15.6 million for the same quarter prior year. Net earnings were $2.6 million up 41.4% from the prior year, and the $0.32 per share compared to $0.24 per share for FY04 Q1. Sales in the Encapsulated/Nutritional Products segment were $7.8 million, up 38.9% with strength in food ingredients.
[4/28/2005] Nutraceutical Reports Sales and Income
US-based supplement company Nutraceutical International Corporation (NUTR) has reported FY05 Q2 results, with sales of $38.3 million for the quarter compared to $37.6 million prior year and net income of $3.5 million, ($0.29 diluted earnings per share), compared to $4.2 million, ($0.35 diluted earnings per share) prior year.
[4/28/2005] Omega Protein Reports Break-Even Results for 2005 First Quarter
US-based omega-3 company Omega Protein Corporation (NYSE: OME) has reported FY05 Q1 results, reporting revenues of $23.8 million with net income of $107,000 for the quarter compared to revenues of $25.1 million and income of $278,000 the previous year.
[4/28/2005] Shiseido Posts FY04 results, Notes Nutritional Supplement Sales
According to an article in the Japan Times, cosmetics company Shiseido Co. has reported results for the year ending March with sales rising 2.5%. The company noted that it saw robust sales of supplements featuring Coenzyme Q10.
[4/27/2005] Puleva Biotech Reports Q1 Results
Spain-based Puleva Biotech SA, a branch of Ebro Puleva, has reported that the company's net profit rose 4% to EUR 370,000 as sales rose 9% to EUR 1.8 million for FY05 Q1. The company attributes the gain largely to an increase in sales of omega-3 oil, which rose to EUR 488,000 compared to EUR 190,000 for the first quarter of 2004.
[4/27/2005] Nu Skin Enterprises Reports First Quarter Revenue
US-based direct-selling company Nu Skin Enterprises, Inc. (NUS) has reported FY05 Q1 results with revenue of $289.4 million and earnings per share of $0.25 for the quarter, compared to 264.0 million and $0.20 prior year. The company also noted a +3% currency fluctuation in comparing year over year results. For the company's Pharmanex division, revenues were $165.5 million, up 31% over previous year, while overall net income was $17.7 million compared to $14.5 million prior year.
[4/27/2005] DSM Reports Q1 Results
Netherlands-based DSM has reported FY05 Q1 results, reporting net profit from ordinary activities of EUR 131, up 35% from prior year, with DSM Nutritional Products reporting net sales of EUR 463 million for the quarter compared to EUR 471 million the previous year with an operating profit of EUR 63 million versus EUR 46 million previous year..
[4/26/2005] NBTY Reports Second Quarter Results
US-based supplement company NBTY, Inc. (NYSE: NTY) has announced FY05 Q2 results, reporting sales of $443 million compared to $440 million prior year, and net income of $21 million, ($0.30 per diluted share), compared to $41 million, ($0.60 per diluted share ) for FY04 Q2. According to the company, results were impacted by higher raw material costs and an increase in advertising costs.
[4/25/2005] Organic To Go Announces $3 Million in Second Round Funding
US-based organic retail and fast food operator Organic Holding Company, Inc., owner of Organic To Go, has announced $3 million in second-round funding, following the company's acquisition of selected assets of Briazz, Inc. According to the release, Uplift Equity Partners LLC contributed to the financing, and the company expects to have 48 stores operating within three years.
[4/22/2005] Chinese Group Plans Spree to Boost Profits
According to an article in China's The Standard, Shanghai Industrial Holdings, the Hong Kong-listed investment arm of the Shanghai municipal government plans to invest more than HK$3 billion on acquisitions and expansion. According to the article, targets include acquisitions involving companies involved in branded herbal medicine and bio-medical products.
[4/20/2005] Australia's Clover Corp. Opens New Factory for Production of Soy Food Additive
According to an Asia Pulse article on Yahoo, Australia-based Clover Corp Ltd (ASX:CLV) has opened a $US6.93 million soy milling and storage plant in New South Wales to produce the company's soy food additive Nu-Soya. According to the company, the product will be targeted at baked foods, soy milk and dairy replacement, breakfast and snack foods.
[4/20/2005] Nature's Sunshine Products Reports First Quarter Operating Results
US-based supplement company Nature's Sunshine Products, Inc. (NATR) has reported FY05 Q1 results, with revenues of $86.4 million compared to $77.7 million for the quarter prior year, with net income of $4.0 million, comparing with approximately $3.0 million the previous year. Diluted net income per share increased to $0.26, from $0.20 prior year.
[4/19/2005] OraLabs Announces Earnings for 2004
US-based health products company OraLabs Holding Corp. (NASDAQ: OLAB) has announced FY04 results reporting revenues were $13,130,579 with a loss of ($.12) per share, or ($565,108), compared to revenues of $14,068,220 with earnings of $.00 per share, or $1,222. The Company's dietary supplement products include 5-HTP and Cheat & Lean(TM).
[4/18/2005] Hovid Sees Contribution From New Vitamin Product
According to an article on Malaysia's Bernama.com, that county's Hovid Bhd. is expecting its new E-8 vitamin E product, containing a full range of natural mixed tocopherols and tocotrienols, and currently undergoing registration in countries like Singapore, Hong Kong, New Zealand, Australia and Vietnam, to contribute 10-15% of its health supplement division's revenues this year.
[4/18/2005] PacificHealth Laboratories, Inc. Reports Year End and Fourth Quarter 2004 Results
US-based nutrition company PacificHealth Laboratories, Inc. (PHLI) has announced FY04 and Q4 results, reporting revenues of $6,807,271 for FY04, compared to $5,453,571 for FY03, and reported a net loss of ($2,521,096), or ($0.25) per share for the year compared to a net loss of ($1,451,274), or ($0.20) per share the previous year.
[4/14/2005] CoolBrands Reports Results for Second Quarter of 2005
Canada-based CoolBrands International Inc. (CA:COBSVA) has announced FY04 Q2 results, reporting revenues of $87,549,000, a drop of 17.0% from the prior year's quarter, with a net loss of ($3,973,000), or ($0.07)per share, compared with net earnings of $9,475,000 or $0.17 per share prior year. The company attributed revenue decline to discontinued products, 'low carb' segment trends and new competition.
[4/14/2005] Malaysia's Herbal Science Adds Production Lines
According to an article in Malaysia's Business times, that country's Herbal Science Sdn Bhd is set to expand by adding an additional 10,000 sq. ft. of production space to add new lines to make liquid herbal supplements, as well as sprays and drops for export markets. This expansion brings the number of production lines to 15 in total from 10.
[4/11/2005] VitaCube Completes Financing
US-based supplement company VitaCube Systems Holdings, Inc. (PRH) has announced closing of its offer of 1,500,000 units at $6.15 per unit for a total of $9,225,000, led by The Shemano Group, S.W. Bach & Company and Neidiger Tucker Bruner, Inc.
[4/11/2005] Carotech to Expand Production
According to an article in Malaysia's Star Online, that country's CAROTECH Bhd, slated to be listed on the Mesdaq market this week, is intending to expand its production capacity with a new plant. According to the article, the flotation will involve the listing of 76.7 million shares at 40 sen each. The listing is expected to raise RM30.7mil (USD $8 million)
[4/8/2005] Chr. Hansen Opens New Office in Colombia
Denmark-based Chr. Hansen has announced the opening of a new office in Bogota, Columbia, targeted at better serving customers in Columbia, Equador and Venezuela.
[4/6/2005] Neptune Technologies & Bioressources Inc. Reports Q3 Results
Canada-based Neptune Technologies & Bioressources Inc. has reported Fy05 Q3 results, reporting revenues of $1,292,460 compared to $601,576 prior year, and EBITDA of $117,000 compared to a negative EBITDA of $240,000 in 2004.
[4/6/2005] Ajinomoto Completes Construction of Factory in Thailand
Japan-based Ajinomoto Co, Inc. has announced completion of its Thia subsidiary's Non Khae factory, one of the company's largest food product factories, as it seeks to become the top Asian food company, with 13 subsidiaries and 12 factories in Thailand alone. According to the company, the factory was constructed to expand production of its ROS DEE flavor seasoning.
[4/6/2005] South Korean Ginseg Exports Rise 39%
According to an article on South Korea's Yonyap News, that country's ginseng exports reached a record of US$81.52 million in 2004, with exports to Japan totlling US$26.61 million, Hong Kong US$25.88 million and Taiwan US$10.24 million. According to the article, (which cites the Korea Customs Service as the data source) imports of deer antlers for 2004 totaled US$25.79 million, up 17.4% from the previous year, with 80% of the imports coming from New Zealand and Russia.
[4/5/2005] Whole Living Reports 2004 Year End Results
US-based supplement company Whole Living, Inc. (WLIV) has announced FY04 results, reporting revenues of $6,758,535 with a net loss of ($0.06) per share.
[4/4/2005] Nutrition 21 Raises $9.6 Million In Convertible Preferred Stock Financing
US-based supplement company Nutrition 21, Inc. (NXXI) has announced that it has privately placed 9,600 shares of preferred stock and 2,948,662 warrants for an aggregate purchase price of $9.6 million. According to the release, investors include Midsummer Investment LTD, Cross Atlantic Partners, Uplift Equity Partners and Enable Capital Management LLC.
[4/4/2005] Weider Announces Fiscal 2005 Third Quarter Results
US-based sports nutrition company Weider Nutrition International, Inc. (WNI) has reported FY04 Q3 results, with net sales of $65.6 million for Q3, compared to $67.5 million prior year and net income of $1.2 million, ($0.05 per share), compared to $2.6 million, ($0.10 per share) the previous year. The company attributes decrease in sales to domestic private label sales and weakness in its Haleko business unit's Multipower and Multaben brands. In other news, the company announced the sale of assets of its Active Nutrition Unit to Weider Global Nutrition, a wholly owned subsidiary of Weider Health and Fitness, a privately held company headquartered in California and the majority stockholder of the company, for $14.0 million.
[4/4/2005] Phillips Health, LLC Announces Company Name Change to Healthy Directions, LLC
US-based publisher and supplement company Phillips Health, LLC has announced a name change to Healthy Directions, LLC, effective immediately.
[4/1/2005] Lifeway Foods Reports Year End Results
US-based functional foods company Lifeway Foods, Inc. (LWAY) has reported FY04 results, with sales rising from sales to $16,319,000 from $14,878,000 prior year, with a net income reported of $2,052,000, or 24 cents a share, compared to $2,222,000, or 26 cents a share prior year.
[4/1/2005] Technology Flavors & Fragrances, Inc. Reports Fourth Quarter and 2004 Results
US-based Technology Flavors & Fragrances, Inc. (AMEX:TFF) has announced FY04 and Q4 results, reporting that Q4 sales dropped from $3,465,000 to $3,042,000, while gross profit increased to 37.5% from 36.7%. The company reported a net loss of $921,000, ($.07 per fully diluted share), compared to a net loss of $403,000 ($.03 per fully diluted share) in last year's fourth quarter.
[4/1/2005] Pure World Announces Results for 2004
US-based botanical company PURE WORLD, INC., (PURW - NASDAQ) has reported FY04 results with revenues of $37,082,000 with net income of $635,000 ($.08 per share) compared to revenues of $21,890,000 with a net loss of $245,000 ($.03 per share) in 2003.
[4/1/2005] Hovid Bhd – Carotech’s Parent Company Enroute to IPO
Malaysia-based Hovid Bhd, the parent company of Carotech Inc. has announced its initial public offering on the Malaysian Securities Exchange Board with an offering of 24,177,000 shares and a public issue of 12,800,000 shares at RM1.76 each. The shares will begin trading April 5.
[4/1/2005] Allergy Research Group, Inc. Reports 2004 Results
US-based nutraceutical company Allergy Research Group, Inc. (ALRG) has reported FY04 results with revenues of $15,136,592, up 11% over 2003 results, with net income of $1,282,736 for the year, compared to $1,643,770 prior year.
Part 3: Financial / Business (April 2005)
[4/29/2005] Balchem Corporation First Quarter 2005 Results