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Breast implant company reports 27% revenue growth in the fourth quarter.
2003 AUG 7 - (NewsRx.com & NewsRx.net) -- Heritage Worldwide, Inc., (HWWI), a worldwide manufacturer of breast implants through its French subsidiary PIP, announced a significant increase in revenues for its fiscal 2003 fourth quarter ended June 30, 2003.
The company announced preliminary results for the fourth quarter of fiscal 2003, which included a revenue increase of $547,000 or 27%, to $2,567,000 from $2,020,000 in the fourth quarter of fiscal 2002. The 27% rise in revenues, when adjusted for currency fluctuations between the U.S. dollar and euro, results in a 47% increase in revenues.
For the 2003 fiscal year ended June 30, 2003, the company reported revenues of $7,745,330, a $1,270,656, or 20% increase over revenues of $6,474,674 in fiscal 2002. Further details of the company's fourth-quarter performance will be available in August when Heritage Worldwide files its Form 10-KSB with the SEC.
The growth in revenues in the fourth quarter and fiscal 2003 were driven by expanded sales in new international markets. ...
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Source: HighBeam Research, Breast implant company reports 27% revenue growth in the fourth...