US natural and organic foods maker Hain Celestial has posted a profit in the fourth quarter, compared to a year-earlier loss, helped by a rise in sales.

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The Melville, New York-based company reported earnings of US$6.8m, or 19 cents a share, for the quarter to 30 June, compared with a net loss of $12.8m, or 38 cents a share, including restructuring costs, in the year-ago period. The result met analysts’ average estimate, reported Reuters.


The company’s quarterly sales rose 23.4% to $117.8m.


Hain Celestial forecast full-year earnings for 2004 of between 95 cents and $1.03 per share, on revenue of $540m to $565m. The forecast fell short of analysts’ average earnings estimate of $1.05 per share, according to Reuters Research.

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Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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