US: CEDC Q1 sales and income soar
Central European Distribution Corporation has announced its preliminary financial results for the first quarter of 2004.
Un-audited net income for the quarter leapt by 63.7%, reaching around US$3.11m, or $0.29 per fully diluted share, compared to $1.9 million, or $0.21 per fully diluted share, in the same period of 2003.
Un-audited net sales for Q1 were approximately $110.5m compared to $79.5m for the same period in 2003, an increase of 39%.
The company also announced yesterday that it stands by its previously announced full year 2004 guidance with net sales of between $518m and $528m and earnings per share of $1.85 - $1.92.
The company will file first quarter 2004 financial results by 10 May.
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