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SouthPeak reports 76% jump in revenue

Thursday, 19th February 2009 05:00 GMT By Stephany Nunneley

my-baby

SouthPeak has reported a 76 percent increase in revenue for the three month ending December 2008.

The period brought in $17.3 million compared to the same quarter in 2007, in which the company reported revenue of $4.2 million.

“We are very pleased with our solid financial results for the quarter,” said SouthPeak chairman Terry Phillips.

“We attribute the strong financial results to our diversified portfolio, tightly managed costs, and strict supervision of the retail channel and field inventory levels.”

SouthPeak said demand for DS’s My Baby contributed to the strong quarter.

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