Nutraceutical International Corp. reported that sales for the first quarter of its 2012 fiscal year were $46.6 million, up from $45.2 million in the same quarter a year ago.
The Park City-based company said net income for the quarter ended Dec. 31, 2011, was $3.4 million, or 34 cents per share, compared with $3.9 million, or 38 cents per share, a year ago.
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"Fiscal 2012 first quarter net sales growth came principally from recent branded acquisitions and our international branded business," said Bill Gay, Nutraceutial’s chairman and CEO.
Gay said the decline in net income was linked to increased manufacturing overhead costs associated with the company’s new facilities and with costs associated with recent acquisitions, including freight, payroll and interest expenses.
Nutraceutical, whose stock is listed on the Nasdaq stock market, manufacturers and distributes nutritional supplements that are sold in health and natural food stores. Nutraceutical shares closed Monday, at $12.43, up 1.06 percent.
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