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May 30, 2002

USA: Yocream Int sees record Q2 with sales up 30% and earnings up 141%

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).

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.”

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