Vancouver's Swiss Water Decaffeinated Coffee Income Fund (TSX:SWS.UN) reported a 12% increase in annual profits for the year ending December 31, 2007.
Annual profit rose to $5.2 million compared with $4.6 million in 2006. Gains were made primarily through unrealized derivative gains, which offset reduced sales and gross profit for the year. Annual sales fell slightly to $31.1 million compared with $31.4 million in 2006.
For the year, the income fund distributed $5.9 million in cash to unit-holders.
Swiss Water is one of the world's only chemical-free coffee decaffeinators and is certified organic by the Organic Crop Improvement Association.
Swiss Water's unit price range during the past week: between $7.30 and $7.37; 52-week high: $10.38; 52-week low: $6.26.