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Area nutrition business sees revenue rise, income fall
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Related Topics: Owings Mills
Owings Mills
(Map, News)
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Medifast Inc., an Owings Mills-based nutrition company, announced its revenue grew 5 percent for the first quarter of 2007, compared with the same quarter during 2006. Revenue grew nearly $1 million for the quarter, up to more than $20 million, while net income dipped slightly, down about $25,000 from the same time a year earlier. For the quarter, net income finished at around $1.44 million.As of Friday, shares of Medifast traded at $6.62, down 38 cents, or 5.43 percent.
Related Topics: Owings Mills
Comments from Examiner Readers
5:44 AM MST on Fri., Jun. 1, 2007 re: "Future of interest rates tied to dwindling dollar"
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8:24 AM MST on Wed., May. 9, 2007
re: "Bethesda-based USCE sees jump in profits along with increase in expenses"
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Morrison Bonpasse said:
The ups and downs of currencies cause substantial and wasteful disruption to the world's economy. What is needed is a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union. The benefits of a Single Global Currency will be substantial: - Annual transaction costs of $400 billion will be eliminated. - Worldwide asset values will increase by about $36 trillion. - Worldwide GDP will increase by about $9 trillion. - Global currency imbalances will be eliminated. - All Balance of Payments problems will be eliminated. - Currency crises will be prevented. - Currency speculation will be eliminated. - The need for foreign exchange reserves, now over $4 trillion, will be eliminated and these funds can be used for more productive purposes than maintaining an inefficient foreign exchange system. If a monetary union in Europe works for 13 countries, soon to be 22, then why not plan for monetary union for 192 countries?
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Examiner Reader said:
The name of the company is USEC, not USCE. Although USEC is their official name, it used to be short for the U.S. Enrichment Corporation.
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