IVC Industries sales jump 16.9% in FY 1996; net income down by half due to merger charges.
This article was originally published in The Tan Sheet
Executive Summary
IVC INDUSTRIES SALES JUMP 16.9% TO $104.2 MIL. IN FY 1996 for the 12 months ended July 31. Net income was down by half to $296,000 from $593,000 in the previous 12 months. Net earnings in FY 1996 contain a $3.2 mil. charge to earnings after taxes related to the merger and integration of Hall Labs, the Freehold, N.J.-based vitamins and nutritional supplements manufacturer and marketer noted