date:Mar 07, 2013
US-based Inventure Foods has reported that its net income increased 164.4% to $7.4m for the year ended 29 December 2012, compared to $2.8m in 2011.
The company posted 14.1% increase in net revenues to $185.2m, compared to $162.2m in the previous year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year increased 74.4% to $17.1m, compared to $9.8m in the earlier year.
Segment-wise, Inventure Foods' snack division posted 0.7% decline in net revenues to $94.4m. F