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http://www.finanzen.net/nachricht/Diamond-Ranch-Foods-Report…Diamond Ranch Foods Reports Over 20% Increase in First Quarter Sales Diamond Ranch Foods, Ltd. (OTC BB: DRFO) (Berlin WKN# A0RNQK), a meat, poultry and seafood processing and foodservice distribution company, is pleased to announce today that the Company has achieved over a 20% sales increase in its 1Q 2010, mainly due to the addition of a portion of the Executive Seafood accounts. Expenses and commissions rose for the first quarter, but will be reduced in future quarters after the assimilation of the Executive Seafood accounts is completed. The Company’s gross profit margins were lower due to the liquidation of over 200 slow-moving, non-branded items. The products were liquidated at a loss and the Board of Directors elected to take this charge in this quarter rather than throughout the year. Diamond Ranch Foods is on course to continue double digit revenue growth as outlined in the Company’s Significant Growth Plan released on April 19, 2010, and management is mindful of the importance to increase the gross profit margins and cut expenses to attain profitability. Anzeigen von Google Holz schlägt Aktie - 12% Sichere Geldanlage mit 12% Rendite Steuerfrei und inflationsgeschütz go2.LifeForestry.com/Geldanlage "We are working diligently to increase gross profit margins, cut operating expenses, and continue to pursue a product mix derived more of our own branded items,” stated Victor Petrone, Chief Financial Officer of Diamond Ranch Foods, Ltd. About Diamond Ranch Foods, Ltd. Diamond Ranch Foods is a highly strategic food group distributor and processor of a broad selection of the finest quality meats, poultry, seafood, and foodservice items, including private label and custom-cuts, which can be prepared fresh, frozen or vacuum-packed. The Company operates a fleet of refrigerated trucks for delivery throughout the New York metropolitan area and ships coast to coast via common carrier. The Company's USDA-inspected facility is located in the Hunts Point Cooperative Market (Bronx, New York), which is the largest food distribution center in the world, and boasts a highly-diversified customer base throughout the tri-state region, including; supermarket chains, restaurants, hotels, deli/catering operators, institutions and industry suppliers. Please visit http://www.diamondranchfoods.com/ for additional information on the Company. Safe Harbor Statement |
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| aus der Diskussion: | Kauft Fleisch !!!! Gegessen wird immer (DRFO) DIAMOND RANCH FOODS LTD |
| Autor (Datum des Eintrages): | KlausStoertebeker (18.08.10 13:50:53) |
| Beitrag: | 31 von 38 (ID:40004850) |
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