Nutraceutical reported a 1.48% rise in net sales for the fiscal year ended September 30, 2006. The company reported sales of $150.4m for 2006, compared to $148.2m in the previous year. Net income came in at $14.9m for fiscal 2006, compared to 2005's $12.5m.
“During fiscal 2006 we focused on, among other things, operational improvements, brand positioning and product innovations, as well as making capital improvements for the future. We continued our historical focus on increasing market share in domestic health and natural food stores through marketing and sales programmes with our retail store customers. Acquisitions and development of synergistic product categories will remain an integral part of our growth strategy as nutritional supplement growth rates continue to be relatively flat and competitive,” commented Bill Gay, chairman and ceo of Nutraceutical.