CANADA: Leading Brands posts soaring H1 profits
Canadian drinks group Leading Brands has seen first-half profits quadruple this year, the company said yesterday (28 September).
The Vancouver-based company posted net income of US$585,000 for the six months to the end of June, up from US$142,000 last year. Revenues leapt 41% to US$20.5m, Leading Brands added.
Leading Brands Chairman and CEO Ralph McRae said: "We continue to see strong sales growth from our portfolio of premium beverage brands, which recently grew to include Infinity Health Water. TrueBlue has now made its way into more than 14,000 chain grocery stores across the United States and Canada and that total is growing every month."
Earlier this month, Leading Brands has launched Infinity Health Water, an "enhanced" flavoured water containing vitamins C, E and B, calcium and soy extracts.
The company plans to launch a marketing push behind its TrueBlue brand next month in California.
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