Vestro Foods Inc.: The Newport Beach specialty...
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Vestro Foods Inc.: The Newport Beach specialty foods company posted second-quarter net income of $304,000, which worked out to 0 cents per share after the payment of preferred dividends, contrasted with $92,000, or a loss of 2 cents per share after dividends, for the 1990 second quarter. Sales increased 10% to $9.6 million from $8.7 million. For the six-month period, earnings totaled $442,000, or 0 cents per share, on sales of $18.7 million. For the corresponding 1990 period, net income was $158,000, or a post-dividend loss of 2 cents per share, on sales of $15.3 million.
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