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Naturex Releases First Quarter Financial Report
Posted: May 24, 2012
Naturex has announced its first quarter fiscal earnings, reporting a 14.8% increase in sales, amounting to €73.5 million. This included €3.8 million in additional sales from the company's new acquisitions, Burgundy and Pektowin. After taking into account a €2.3 million tax expense and €0.3 million in net losses linked to the secondary activities of Pektowin, which are in the process of being discontinued, net income for the first quarter of fiscal year 2012 amounted to €4.2 million.