Xylitol Canada Inc. Announces Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Sales Guidance for the Year of 2014
For the full year, sales increased by 87% to $6,508,998, compared to $3,473,053 last year. The market conditions continue to be very favorable as people increasingly seek to avoid sugar, high fructose corn syrup, and artificial sweeteners. For the twelve months ended December 31, 2013, gross profit increased by 43% to $1,548,337, compared to $1,081,418 for the twelve months ended December 31, 2012. Gross profit margins for the year were 24%.
The company provided sales guidance for the year of 2014. It expects 2014 to be another year of growth in the company's sales.