Vitamin and health supplements direct marketer/manufacturer Twinlab Corp., based in Hauppauge, NY, reported net income of $33.5 million .for the year ended Dec. 31., an increase over $24.6 million in 1997
For the full year 1998, net sales were $333.4 million, a gain over $229.6 million reported in 1997. Gross profit percentage in 1998 rose to 51% from 45.4% the year before. The company attributed this increase to higher gross margins at its Changes International subsidiary.
“The year 1998 was in many respects an outstanding year for Twinlab,” said CEO Ross Blechman, in a statement. ” As the year progresses we plan to continue to expand our mass market infrastructure, increase marketing support of our catalog
