Palm Beach, FL 2/2/12 (StreetBeat) -- AL International (PinkSheets: JCOF) (www.alintjcof.com), a global direct marketer of lifestyle and nutritional products as well as gourmet coffee, today released Fourth Quarter and Year End 2011 financial results. The company reported a tenfold increase in revenues for the quarter, recording net sales of $11,364,000 compared to $1,126,000 for the same quarter in 2010.Gross profits grew to $9,210,000 in Q4 2011, compared to $166,000 for the same period in 2010. Fourth Quarter 2011 net income came in at $1,815,000 versus a loss of ($471,000) in 2010. Fourth Quarter EBITDA came in at $2,014,000, besting EBITDA for the previous quarter (Third Quarter 2011, which posted EBITDA of $333,000) by 600%. Complete financial results for Q4 and Year End 2011 are posted on www.pinksheets.com under the symbol JCOF.
Steve Wallach, CEO of AL International, said he was gratified by the company's strong results. "2011 was an exciting and very busy year for our company. We integrated six acquisitions, which began to hit full stride by the end of 2011. Our company is very well positioned to continue our organic growth, which will greatly improve shareholder value. At the same time, we will keep exploring new potential opportunities through acquisition."
Chris Nelson, AL International's CFO, said, "We are very pleased with our performance for the Fourth Quarter. The quarter produced strong profits and this resulted in a stronger balance sheet as well. We finished the year with over $1.7 million in cash and credit card receivables, and with more than $5.3 million in debt-free inventory."
StreetBeat Disclaimer
No comments:
Post a Comment