Vestro Foods Inc.: The Newport Beach speciality...
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Vestro Foods Inc.: The Newport Beach speciality food company said first-quarter net income totaled $66,000, contrasted with a loss of $170,000 for last year’s first quarter. The 1990 three-month period included an extraordinary gain of $49,000 from a net operating loss carry-forward. Sales rose 52% to $6.7 million from $4.4 million. The company attributed the sales increase to the acquisition of Little Bear Organic Foods Inc. in the fourth quarter of 1989.
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