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Leiner Health Products FY 1998 sales reach $502.1 mil., up 28%.

This article was originally published in The Tan Sheet

Executive Summary

LEINER HEALTH PRODUCTS FY 1998 SALES REACH $502.1 MIL., up 27.8% from the previous year, the company reported. Company sales for the fourth quarter, ended March 31, were ahead 23.4% to $163.3 mil. Leiner attributed the increases to "good momentum in all areas" of its business. The company's Canadian private label vitamin and OTC drug subsidiary, Vita Health, contributed $27.9 mil. in sales for the fiscal year and $4.4 mil. during the fourth quarter. Vita Health was acquired in January 1997.
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