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Article: Doane Pet Care Company Announces Third Quarter and Nine Months Ended September 30, 2000 Results.
- Article from:
- PR Newswire
- Article date:
- November 14, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BRENTWOOD, Tenn., Nov. 14 /PRNewswire/ --
Doane Pet Care Company ("Doane" or "Company") today reported net income of $1.6 million for its third quarter ended September 30, 2000 on net sales of $225.7 million, and net income of $4.6 million for the nine months ended September 30, 2000 on net sales of $640.9 million. The nine months ended September 30, 2000 included non- recurring charges of $9.0 million incurred prior to the third quarter. These non-recurring charges consisted of (1) a $4.6 million loss on a forward currency purchase contract that was put into place to hedge the currency risk associated with Doane's purchase of A/S Arovit Petfood ("Arovit") in ...
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