US: NASDAQ writes to Hain over filing delay

By just-food.com | 19 November 2007

NASDAQ has written to US natural and organics group Hain Celestial over the company's failure to file its first-quarter results on time.

Hain, the company behind brands from Earth's Best to Rice Dream, is investigating its share practices, which has delayed the filing of its figures for the three months to 30 September.

The probe has also caused a delay in Hain filing its annual report for its fiscal 2007 period.

Hain said it had expected the letter from NASDAQ; the company met with NASDAQ officials last month in a bid to keep its shares listed on the exchange. A NASDAQ panel has yet to reach a decision on the listing.

For the three months to the end of September, Hain said it saw operating profit rise 7.8% to $18.3m. Net sales jumped 13% to $209.9m.

Sectors: Baby food, Chilled foods, Food safety, Natural & organic

Companies: Hain Celestial