US: Vermont Pure celebrates strong 2005
US water company Vermont Pure Holdings has posted a healthy rise in sales for its fiscal year 2005.
The home and office delivery (HOD) company said yesterday (23 January) that sales in the year rose by 14% to US$59.8m. Excluding sales from acquisitions, the increase in sales came in at 7%.
Net income for the period was US$871,000, an increase of 32%, from the previous year.
"We are pleased with the financial improvement from operations in fiscal year 2005," said Peter Baker, CEO of Vermont Pure Holdings. "The improvement came in spite of absorbing additional administrative costs related to corporate reorganisation, a bank refinancing, and litigation and severance costs which we consider to be one-time costs unique to the period."
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