Lifeway Foods has booked a surge in second-quarter net income, as earnings were boosted by improved margins and higher sales. 

The company said today (14 August) that net income rose to US$2m in the three-months to 30 June, up from $0.3m in the comparable period of last year. 

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Total consolidated sales increased by 13% to $20.6m in the quarter, while gross profit jumped 46% to $8m. The company’s gross profit margin increased to 39% in the quarter, up from 30% in the comparable period of the previous year.

The higher second-quarter sales and profits led to an increase in half-year revenue and earnings.

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