Paradise, Inc. Announces 2014 Financial Results and Declaration of Dividend
PLANT CITY, Fla., April 1, 2015 /PRNewswire/ -- Paradise, Inc. (OTC BB: PARF) announced net income of $489,566 or $0.94 per share for the year ended December 31, 2014 versus $781,960 or $1.50 per share for 2013. Total Net Sales for 2014 were $25,183,034 compared to $23,855,261 for 2013. The Board of Directors declared an annual cash dividend of $0.11 per share on Paradise, Inc.'s common stock, payable on Friday, April 17, 2015 to shareholders of record at the close of business on Friday, April 10, 2015.
The Company's Annual Shareholder Meeting is scheduled to be held at 10:00 a.m. on Tuesday, May 26, 2015 for shareholders of record as of April 17, 2015. The meeting will be held at the Company's headquarters located at 1200 W. Dr. Martin Luther King Jr. Blvd., Plant City, Florida 33563.
Paradise, Inc. is the largest producer and seller of glace' candied fruit in the U.S. These products are used in fruit cakes and other confections both by commercial bakers and homemakers, and have long been a holiday tradition. The Company also operates Paradise Plastics, Inc. a wholly owned subsidiary, which designs and molds plastics containers for its product line, as well as other custom plastics products for non-affiliated customers.
SOURCE Paradise, Inc.
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