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Article: Armanino Foods of Distinction, Inc. Announces Record Sales and Pre-Tax Profits for the Year.
- Article from:
- Food Weekly News
- Article date:
- March 19, 2009
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Armanino Foods of Distinction, Inc., (Pink Sheets:AMNF) reported record sales and pre-tax profit for calendar year 2008.
For the twelve months ended December 31, 2008, sales were $19,860,278, up 4% from the $19,057,058 reported for the same period in 2007. Income from continuing operations before taxes rose 8%, from $1,479,823 a year ago to $1,595,030 in 2008. Earnings per share declined from $0.026 in 2007 to $0.020 in 2008, reflecting the extraordinary loss absorbed in the third quarter of 2008 associated with the discontinued operations of its meatball line.
Sales in the fourth quarter were $5,148,358, reflecting a decline of 5% from the record of ...