2nd quarter results for Advanced Nutraceuticals

The American nutraceuticals producer Advanced Nutraceuticals, Inc. announced on May 16th its financial results for the second quarter and the six months ended March 31, 2001, reports PR Newswire. Net sales for the six months ended March 31, 2001 were US$32.8m compared to US$35.0m for the same period last year. The company reported net income of US$159,000, compared with a net loss of US$917,000 for the 2000 period. Net sales for the Company's manufacturing operations increased to US$9,723,000 for the six months ended March 31, 2001, as compared to US$9,476,000 for the same pro forma six-month period in 2000. Total net sales for the quarter ended March 31, 2001 were US$16.2m compared with US$18.4m for the same period last year. Advanced Nutraceuticals, Inc. reported a net loss of US$424,000 for the quarter compared to a net loss of US$418,000 for the second quarter of 2000. Source: PR Newswire​