Vermont Pure Holdings has announced its Q3 results. The home and office water delivery company said yesterday that sales for the quarter to 31 July increased by 2% to US$13.6m from US$13.4m during the same period in 2003.

Sales for the nine months to 31 July rose by 5% to US$38.7m from US$36.8m for the same period in 2003. The increase in sales was attributed to the integration of recent acquisitions into the base business.

Income from continuing operations fell to US$390,000 for the fiscal third quarter of 2004 from US$420,000 in the corresponding period last year.

Income from continuing operations for the first nine months of the current fiscal year also fell, to US$256,000 compared to US$859,000 in the first nine months of fiscal year 2003. The decrease in both periods was attributed to lower gross profit due to lower selling prices, a shift toward increased sales of lower margin products, and higher transportation, fuel, and insurance costs for the period.

Net income, including income from discontinued operations, for the three-month period to 31 July was US$390,000, or US$0.02 per share, compared to net income of US$566,000, or US$0.03 per share for the corresponding period in 2003.

For the nine-month period, net income was US$416,000, or US$0.02 per share, compared to US$1.2m, or US$0.05 per share for the corresponding period in 2003. Net income for the nine months of 2004 included a gain on the sale of the retail segments of business, before taxes, of US$353,000.