Glacier Water, the US-based water cooler business, has cut net losses by US$1m and reported a 9% rise in net sales for the first quarter of 2009.

Glacier said yesterday (28 April) that net sales rose by 9.4% to $22.84m for the first three months of 2009, compared to the same period last year.

Net losses reduced from $2.4m in the first quarter of 2008 to $1.4m in the first quarter of 2009, the firm said. Operating profits for the period was $669,000, compared to a loss of $245,000 in the first three months of 2008. 

The operating profits improvement was driven by increased revenues coupled with reduced fuel costs, Glacier said.

Glacier CEO Brian McInerney said: "The revenue increase was driven by a combination of new location growth and increased sales productivity by machine. Glacier operated approximately 1,000 more machines at retail locations compared to last year."