Central European Distribution Corporation has announced its preliminary financial results for the first quarter of 2005. The importer and distributor said yesterday (3 May) that unaudited net income was approximately US$4.6m, or US$0.27 per fully diluted share, an increase from US$3.1m, or US$0.19 per fully diluted share, in the same period of 2004.

Unaudited net sales for the three-month period reached approximately US$150m compared to US$110.5m for the same period in 2004, an increase of 36%.

CEDC also reiterated its previously announced full-year 2005 guidance with net sales of US$700m to US$720m and earnings per share of between US$1.56 and US$1.66.

CEDC will file first quarter 2005 financial results by next Tuesday (10 May).