Portland, Ore.-based Yocream Int, a manufacturer and wholesaler of frozen desserts and beverages, has reported its fiscal results for the Q2 and H1 ended 30 April 2002.
Q2 sales increased 30% to US$4.6m, and net income increased 141% to US$224,000 (US$0.10 per share). For the H1 ended 30 April, sales increased 26.7% to US$8m, and net income increased 100% to US$328,000, (US$0.14 per share).
“For the fourth consecutive quarter, operating results have benefited from an increase in sales volume and related operating efficiencies,” said CFO Douglas Caudell: “The increase in sales has continued to be broad-based with gains in the sale of frozen yogurt and smoothie products to both club stores and foodservice distributors, as well as an increase in copacking revenues.”
Caudell added: “We are now beginning the introduction of the Dannon/YoCream line of soft serve yogurt as part of the alliance between The Dannon Company and YoCream Int.”