Probiotics firm Lifeway Foods has seen its quarterly earnings more than double on the back of rising sales of key brand Kefir and its February acquisition of Fresh Made Dairy.
Lifeway said yesterday (13 August) that second-quarter net income reached US$2.5m in the three months to June – compared to $911,718 a year earlier.
Revenues rose 26% to $14.5m, while a fall in the cost of conventional milk also helped boost Lifeway’s bottom line.
“From top to bottom this was our best quarter in our company’s history,” CFO Edward Smolyansky said.

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