PacificHealth Laboratories, Inc. (PHLI.OB) Announces Record Net Income and 15% Revenue Growth
Today, PacificHealth Laboratories, Inc. reported its operating results for the second quarter and six months ended June 30, 2009. Second quarter revenues for this year increased 15% to $2,725,055 compared to the $2,370,429 reported for the same period in 2008. Net income totaled $12,922, or $0.00 per diluted share, compared to a net loss of $146,608, or $0.01 per diluted share, for the same period in 2008. Sales and marketing expenses rose $209,436, a 85% increase compared to the same period in 2008. This increase was mainly caused by increased spending for a public relations and marketing campaign associated with…