Fine frozen food resultsThis article was originally published in Foodnews
OVERHILL Farms Inc, a frozen food manufacturer based in Los Angeles, is reporting high profits in its first fiscal quarter, despite lower net revenues. Overhill Farms reported net income of US$2.5 million compared with last year's US$1.6 million. Net revenue for the provider of frozen foods to the foodservice, retail and airline industries fell 2.6% to US$55.3 million. Chief executive, James Rudis, said in a statement: "The company is putting greater emphasis on growing its retail and foodservice sectors since sales to its airline customers have fallen."