Winn Enterprises, which last month moved into the Los Angeles offices of its Knudsen Foods subsidiary, Tuesday reported deepening losses on improved revenues during the quarter and the nine-month period ended Dec. 31.
The former Anaheim-based company posted a third-quarter loss of $4 million, compared to a loss of $1.1 million a year earlier. Revenues for the period more than doubled to $300.7 million from $129 million.
For the nine months, Winn posted a net loss of $6.3 million contrasted with net earnings of $1.2 million a year earlier. The nine-month loss included extraordinary charges totaling $4 million, including some from its recent acquisitions.
Revenues for the nine-month period totaled $762.9 million, an increase of 86% from $408.8 million a year earlier.
Last June Winn's wholly-owned Knudsen subsidiary acquired Foremost Dairies of San Francisco for $50 million in cash and notes. Together, the two dairy units account for about 95% of Winn's revenues, the company said.
