United-Guardian Reports Six Month Results

United-Guardian, Inc., manufacturer of cosmetic ingredients, personal and health care products, pharmaceuticals and specialty industrial products reported that its second quarter revenue was up 10.5% from $2,767,455 in the second quarter of FY-2005 to $3,057,015 this year, and its net income up 6.4% from $611,068 ($.12 per share) in FY-2005 to $650,396 ($.13 per share) this year. For the six-month period ended June 30th revenue was down 10.9% and net income down 13.3% compared to the same period last year. Ken Globus, president of United-Guardian, stated, “Strong sales in our second quarter have enabled us to make up for some of the shortfall from the first quarter, and based on a very busy start to the third quarter we are hopeful that this trend will continue. Last year’s first quarter was unusually strong due to customers bringing in larger than normal quantities to avoid a price increase that went into effect in March of 2005. That situation did not recur this year, resulting in lower first quarter sales but stronger second quarter sales. With our new “Lubrasil II” product being introduced worldwide this month, and our arrangement with a well-known marketing consultant to begin in September, we are confident that our sales will continue to increase.”