YoCream's fiscal year ends on an up note
Jan 31, 2005 8:57 AM, from staff and wire reports
YoCream International Inc, a producer and wholesaler of frozen desserts and smoothies, reported financial results for the fourth quarter and the 12 months ended Oct 31, 2004.
Fourth-quarter 2004 sales were $5,060,000, a 1.6% increase compared with $4,978,000 in 2003. Sales for the 12 months ended October 31 were $19,272,000, a 5.9% decrease versus $20,478,000 in the previous year.
Net income for the fourth quarter rose 43.8% to $71,600 compared with $49,800 a year ago. For the 12 months, net income dropped 21.4% to $420,600 from $535,100 a year earlier.
