CoolBrands sees quarterly net earnings rise

CoolBrands International Inc has announced that net earnings for the quarter ended Feb 28, 2003, were $5,188,000, compared with net earnings of $3,646,000 for the same quarter in 2002. This is an increase of $1,542,000, or 42.3%, on a 38.9% increase in revenues.

Revenues rose by $15,971,000, or 38.9%, to $57,052,000 versus $41,081,000 for the same quarter of fiscal 2002. The increase in revenues was primarily due to increased prepackaged consumer products sales.