Paradise Announces 2003 Financial Results and Declaration of Dividend.Business Editors PLANT CITY, Fla.--(BUSINESS WIRE)--April 1, 2004 Paradise, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :PARF PARF Pennsylvania Association of Rehabilitation Facilities PARF Preferential Additional Registration Fee (Singapore vehicle tax) PARF Pennsylvania Renaissance Faire (Cornwall, Pennsylvania) PARF Personnel Action Request Form ) announced comprehensive earnings of $622,184, or $1.15 per share for the year ended December 31, 2003, versus $1,201,061, or $2.32 per share for the prior year. Total Net Sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for 2003 were $21,559,973 as compared to $23,117,490 for 2002. The Board of Directors declared an annual dividend of $.20 per share of Paradise, Inc. common stock, payable on April 26, 2004 to shareholders of record as at the close of business on April 16, 2004. The Company's Annual Shareholder Meeting is scheduled for May 27, 2004 for Shareholders of Record as of April 23, 2004. Paradise, Inc. is one of the largest producers and sellers of glace' candied fruit Noun 1. candied fruit - fruit cooked in sugar syrup and encrusted with a sugar crystals crystallized fruit, succade confiture - preserved or candied fruit crystallized ginger - strips of gingerroot cooked in sugar syrup and coated with sugar 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, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , which designs and molds plastic containers for its product line, as well as other custom plastics products for non-affiliated customers. |
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