Nutraceutical Int'l 2Q Earnings Hold Steady

Nutraceutical Int'l 2Q Earnings Hold Steady

PARK CITY,Utah--Despite a slight increase in revenues, Nutraceutical International Inc.(NASDAQ:NUTR) reported that net income held firm in its second quarter ended Mar. 31. Netsales inched up to $28.7 million from $27.2 million sold in the comparable 1999 period.Gross margin held steady at 47 percent, and expenses increased by less than two percent ofsales. Net income was $1.7 million or $.15 per share, exactly what it was in the sameperiod last year.

"Sales growth of our branded products continued positive during the second quarterof fiscal 2000, increasing nearly seven percent to $25.5 million from $23 million in theprior year quarter," said Bill Gay, chairman and chief executive officer. "Grossmargins also remained strong, reflecting the strength of our brands as well asmanufacturing improvements." For more information, call its investor relationshotline at (435) 655-6106.