LARGO, FL--(MARKET WIRE)--Aug 24, 2006 -- Dynamic Health Products, Inc. (OTC BB:DYHP.OB - News), a leading distributor in the sports nutrition product and performance drink industries, announced today that total revenue for the fiscal first quarter ending June 30, 2006 was $13.8 million and net income applicable to common shareholders was $441 thousand or $0.03 per share. Mandeep Taneja, Chief Executive Officer commented, "Our first quarter ending June 30, 2006 was highlighted by the following results:
-- Total revenue of $13.8 million; -- Gross profit of $2.7 million; -- Net income of $441 thousand; -- Earnings per share of $0.03; and -- Shareholders' equity of $5,113,875." 1st Quarter 2007 Discussion
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Revenues
Dynamic Health Products ("Dynamic" or the "Company") generated revenues of $13,818,021 for the three months ended June 30, 2006, an increase of $753,991 or 5.8%, compared to $13,064,030 for the three months ended June 30, 2005. The increase was primarily attributable to organic growth resulting from expansion of distribution channels with the opening of distribution centers in Henderson, Nevada and Largo, Florida in May 2005, as well as the expansion of the Company's in-house sales force. Management expects organic growth of up to 15% in the future, based on expansion of marketing efforts through its in-house sales force.
Gross Profit
Dynamic achieved a gross profit of $2,706,048 for the three months ended June 30, 2006, an increase of $144,185 or 5.6%, compared to $2,561,863 for the three months ended June 30, 2005. Gross margin, as a percentage of revenues, was 19.6% for the three months ended June 30, 2006 and 2005. Management expects gross margins of 18% to 20% in the future
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