Paradise, Inc. (OTCBB: PARF) announced net income of $1,233,270 or $2.37 per share for the year ended December 31, 2011 versus $698,138 or $1.34 per share for 2010. Total Net Sales for 2011 were $24,862,470 compared to $23,964,543 for 2010. The Board of Directors declared an annual dividend of $.20 per share of Paradise, Inc. common stock, payable on April 20, 2012 to shareholders of record at the close of business on April 13, 2012.
The Company’s Annual Shareholder Meeting is scheduled for May 29, 2012 for Shareholders of Record as of April 20, 2012.
Paradise, Inc. is the largest producer and seller of glace’ candied fruit 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, Inc., a wholly owned subsidiary, which designs and molds plastics containers for its product line, as well as other custom plastics products for non-affiliated customers.