date:May 17, 2013
Increased sales, lower costs for milk and expense management contributed to a 116% increase in income at Lifeway Foods, Inc. during the first quarter.
For the quarter ended March 31, the company had income of $2,365,639, equal to 14c per share on the common stock, which compared with $1,094,989, or 7c per share, during the same quarter of the previous year. Sales for the quarter were $24,387,031, up 26% from $19,397,197.
The company said the increase in sales may be attributed to the Kefir lin