* Q2 EPS 15 cents vs 5 cents a year ago
* Q2 sales $14.5 mln vs $11.5 mln a year ago
* Shares up 5 pct in trading after the bell
Aug 13 (Reuters) - Lifeway Foods Inc, a supplier of yogurt-like dairy beverage kefir, posted a nearly three-fold rise in quarterly profit, helped by lower milk costs.
For the second quarter, the company earned $2.5 million, or 15 cents a share, compared with about $911,000, or 5 cents a share, last year.
Sales rose 26 percent to $14.5 million, helped by the acquisition of kefir maker Fresh Made Dairy.
'We were aided by low raw material costs and low conventional milk prices, which remained at second-quarter lows during July and August,' Chief Financial Officer Edward Smolyansky said in a statement.
Lifeway shares were trading up 5 percent at $13.10 in after-hours trade. They closed at $12.53 Thursday on Nasdaq.
(Reporting by Vidya Lakshmi in Bangalore; Editing by Anne Pallivathuckal) Keywords: LIFEWAY/ (vidya.lakshmi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Vidya.lakshmi.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q2 sales $14.5 mln vs $11.5 mln a year ago
* Shares up 5 pct in trading after the bell
Aug 13 (Reuters) - Lifeway Foods Inc, a supplier of yogurt-like dairy beverage kefir, posted a nearly three-fold rise in quarterly profit, helped by lower milk costs.
For the second quarter, the company earned $2.5 million, or 15 cents a share, compared with about $911,000, or 5 cents a share, last year.
Sales rose 26 percent to $14.5 million, helped by the acquisition of kefir maker Fresh Made Dairy.
'We were aided by low raw material costs and low conventional milk prices, which remained at second-quarter lows during July and August,' Chief Financial Officer Edward Smolyansky said in a statement.
Lifeway shares were trading up 5 percent at $13.10 in after-hours trade. They closed at $12.53 Thursday on Nasdaq.
(Reporting by Vidya Lakshmi in Bangalore; Editing by Anne Pallivathuckal) Keywords: LIFEWAY/ (vidya.lakshmi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Vidya.lakshmi.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.