While difficult economic circumstances have constrained several businesses, DNP managed to set a new March sales record. Management has reported an increase in sales of 7.47% in the month of March compared to last year during the same month. Throughout the first quarter of 2009, DNP’s sales increased from 2008’s 4th quarter, although they trailed last year’s January and February figures before rebounding in March. DNP closed the first quarter at 98% of last year’s first quarter, one of DNP’s highest historical quarters.
“While our numbers were slightly below last year’s in the first two months of last quarter, we feel very good about our sales moving forward this year,” said David Ji, president of DNP International. “Our goal is to continue increasing our sales through this second quarter and the second half of 2009.”
In the fourth quarter of 2008, the slow holiday season along with industry slowdown due to increased raw material prices and cGMP implementations resulted in the company’s lowest sales quarter of the year. However, the progressive increase in sales as of the 1st of the year indicates the strength in the nutritional supplements industry and in DNP International’s quality ingredients.
About DNP International
DNP International imports and distributes raw material ingredients to manufacturers in the nutritional supplements, food, beverage, feed, cosmetics and pharmaceutical industries. Founded in 1994, DNP is one of the largest suppliers of raw materials in the United States and sources over 2,500 different ingredients. DNP is headquartered in Southern California and has offices in Los Angeles, Chicago, New Jersey and Shanghai, China. For more information, visit www.dnpint.com.