US: ForeverGreen moves into profit
ForeverGreen has moved from loss to profit during the first quarter on the back of revenue growth.
The US natural and whole food producer saw revenues for the first quarter total US$5.8m with earnings of $20,648, compared to losses of $443,927 during the same period in 2006.
"Achieving profitability is a major milestone for the company and an accomplishment we are certainly very proud of," commented ForeverGreen CEO Ron Williams. "What makes this profitable quarter even more remarkable is the fact we didn't sacrifice our growth strategy for the sake of positive earnings."
Looking at the company's long-term strategy, Williams emphasised the importance of international expansion, stating: "We have maintained our domestic momentum while advancing our international expansion. Through our investments in foreign markets, we are poised for tremendous growth as new countries come online with our business model and fuel our revenue and earnings growth."
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