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Nutex Canadian unit has April orders of CAD 500,000

Enerex Botanicals, the Canadian unit of Hungarian dietary-supplement maker Nutex, received orders worth more than 500,000 Canadian dollars (CAD) in April, Nutex announced on Thursday.

Nutex, which changed its name from Humet in mid-February, noted that Enerex had received CAD 120,000 in orders during a two-day Canadian Health Food Association Expo in Vancouver in April.

Excluding subsidiaries, Enerex had sales revenue of about CAD 700,000 in the first three months according to preliminary figures.

Nutex said that Enerex posted profit in 2010 after losses in 2009 as a result of consolidation measures.

Nutex, which is a B-category issuer at the Budapest Stock Exchange, acquired a majority stake in Enerex in 2008. Nutex's Canadian unit markets dietary supplements in 10 countries in addition to Canada: the United States, Mexico, the United Kingdom, Hungary, Slovakia, Hong Kong, Taiwan, Saudi Arabia, the United Arab Emirates and Iran. The company expects to open offices in more countries this year, Nutex noted.