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The Inventure Group, Inc. Announces Record Third Quarter 2009 Results.

Publication: Economics Week
Publication Date: 06-NOV-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: The Inventure Group, Inc. Announces Record Third Quarter 2009 Results.(Financial report)

Article Excerpt
The Inventure Group, Inc. (NASDAQ:SNAK), a leading specialty snack food manufacturer, reported financial results for the third quarter ended September 26, 2009, highlighted by a seventh consecutive quarter of year-over-year earnings growth, an 18% net profit increase, EBITDA growth of 19% and new distribution gains.

3Q 2009 Consolidated Financial Results Overview

Net income in the third quarter of 2009 was $1.3 million up 18% compared to $1.1 million for the same period in 2008. This represents the highest third quarter earnings in the Company's history. Diluted earnings per share were $0.07, an increase of 17% compared to $0.06 in the same quarter of 2008.

Earnings before interest, taxes, depreciation and amortization (EBITDA) in the third quarter of 2009 was $3.35 million, an increase of 19% versus last year. A table reconciling EBITDA to net income is presented at the end of the condensed consolidated financial statements included in this release.

Net revenue in the third quarter of 2009 was $29.9...

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