Finance

PacificHealth Laboratories reports a 64% increase in revenues

Published in Women's Health Weekly, June 17th, 2004

PacificHealth Laboratories, Inc., (PHLI) reported a 64% increase in revenues for the quarter ended March 31, 2004, as well as its first ever profit in this quarter.

Revenues increased to $2,303,597 for the quarter ended March 31, 2004, versus revenues of $1,397,779 for the same period in 2003. Net income of $7,777 or $0.00 per share, was recorded versus a net loss of ($421,103), or ($0.07) per share, for the quarters ended March 31, 2004 and 2003, respectively.

Dr. Robert Portman, president and chief executive officer of PacificHealth Laboratories, Inc. said, "We are extremely pleased about our first quarter results since they reflect an increase in...

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Source: Women's Health Weekly (2004-06-17)

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