US distributor Synergy Brands today (31 March) booked a doubling in net profit after seeing sales rise by more than 13% in 2009.
Synergy, which distributes branded and own-label products throughout the US, booked a GAAP net profit of US$724,796 for 2009 – up from $338,358 in 2008.
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Gross profit rose 14.9% to $10.9m on the back of a 13.5% increase in sales to just under $109m.
