St. Ives’ 2nd-Quarter Earnings Increase by 15%
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St. Ives Laboratories Inc., a Chatsworth-based personal care products company, said its earnings for the second quarter that ended June 30 rose 15% over the same period last year, on a 10% increase in sales.
Net income for the quarter was $1.1 million, compared to $961,000 a year ago. Sales rose from $26.7 million to $29.4 million, the company said.
For the six months that ended June 30, net income rose 31% to $2.15 million from $1.63 million during the same period last year. Sales in the first six months this year increased 9.9% to $56.1 million from $51 million for the first half of last year.
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