Posted at 12:18 p.m., Thursday, February 13, 2003
Earnings double for Meadow Gold owner
Advertiser News Services
Dean Foods Co., owner of Hawai'i's Meadow Gold Dairies, said fourth-quarter earnings more than doubled because of the 2001 merger that made it the world's largest dairy-products company. Net income climbed to $63.1 million, or 63 cents a share, from $23.7 million, or 37 cents, a year earlier, Dean Foods said. Sales increased 39 percent to $2.24 billion.Dean Foods has boosted sales since its 2001 combination with Suiza Foods, and cut costs by selling businesses and closing plants.
