Leading Brands, a Canada-based fully integrated healthy branded beverage company, has reported net income of CAD591,304 ($574,840) for the 2012 fiscal year, as against net income of CAD1.55m ($1.51m) in the prior year.
Net income for the full year 2012 before stock based compensation (SBC) decreased to CAD743,000 ($722,313) or $0.25 per share, compared to net income of CAD1.97m ($1.91m) or $0.58 per share in the same quarter last year.
The company reported 5.6% drop in gross revenue from CAD19.46m ($18.92m) in FY 2011 to CAD18.37m ($17.85m) in FY 2012.
The decrease in gross revenue was mainly due to lower branded beverage sales.
Leading Brands creates, designs, bottles, distributes and markets premium beverage brands such as Neurogenesis Happy Water, TrueBlue Blueberry Juice, LiteBlue Blueberry Juice, TrueBlack Blackberry Juice, PureBlue, UnWine, PureRed and PureBlack through its integrated distribution system (IDS).
