Vermont Pure Holdings has said that its third quarter sales increased 13%, over the same period last year, to US$15.3m from US$13.6m. However, the company suffered a fall in net income.

Sales, net of acquisitions, increased 6% in the third quarter compared to the previous year. For the first nine months of fiscal year 2005 sales increased 14% to US$44m from US$38.7m. Excluding acquisitions, sales for the first nine months of the year increased 6% from a year ago.

Gross profit increased 15% in the third quarter of 2005 to US$9m, or 59% of sales, from US$7.8m, or 58% of sales for the quarter in 2004 but net income decreased 2% to US$382,000 from US$390,000. For the first nine months of fiscal year 2005, gross profit increased 18% to US$25.7m from US$21.7m a year ago while income from continuing operations more than doubled to US$594,000 from US$256,000 for the respective periods.

"We are pleased with our financial results for the third quarter, especially the sales and gross profit growth," said Peter Baker, president of Vermont Pure Holdings, Ltd. "This growth has come from our core market of over 100,000 customers in the north-eastern US. We continue to work hard to mitigate the effect of higher fuel, insurance and administrative costs," Baker concluded.

Vermont Pure Holdings, LTD. is the largest independent and third largest Home and Office distributor of its kind in the US.