Planet Organic Health Corp Announces Second Quarter Financial Results



    EBITDA increase of 12%; Income before tax increase of 48%

    EDMONTON, March 1 /CNW/ - PLANET ORGANIC HEALTH CORP (TSX Venture
Exchange - POH), Canada's leading natural products retailer announces their
financial results for the quarter ended December 31, 2006. Income before tax
increased 48% to $736,909 versus $498,966 for the same period last year. Sales
increased 50% to $13.8 million for the quarter, compared to $9.2 million for
the same period last year. These increases were driven by acquisitions, store
expansions, and same-store sales growth.
    "Our retail divisions continue to focus on gaining market share," reports
Darren Krissie, co-founder/CFO of the Company.

    
    Summary of Q2 Fiscal 2007 Financial Results

    -------------------------------------------------------------------------
                                         Q2 Fiscal 2007       Q2 Fiscal 2006

    Sales                                   $13,786,404           $9,193,896
    Cost of goods sold                       $8,298,029           $5,527,502
    Gross Profit                             $5,488,375           $3,666,394
    Operating Expenses                       $4,964,393           $3,352,160
    EBITDA                                   $1,020,741             $912,750
    Income from operations                     $710,172             $499,777
    Income before tax                          $736,909             $498,966
    Net Income                                 $536,909             $498,966

    -------------------------------------------------------------------------
    

    Net income in Q2 fiscal 2006 had no provision for income tax. Please see
the Company's Q2 consolidated financials for all data. EBITDA reported above
is a non-GAAP measure and is earnings before interest, taxes, depreciation,
amortization and stock-based compensation.
    For further financial information and a copy of our second quarter
report, please visit our website at www.planetorganichealthcorp.com

    ABOUT PLANET ORGANIC
    Planet Organic Health Corp. (TSX-V: POH), is a natural products industry
company, comprising manufacturing, distribution and retail. Recently
recognized as one of the Top 50 Companies on the TSX Venture Exchange, where
it is listed as a Tier One company, Planet operates eight natural food
supermarkets throughout Canada under the Planet Organic Market banner. The
company also operates 50 natural health outlets under the Sangster's Health
Centre banner and seven natural health outlets under the "Healthy's" banner.
Another POHC company, Trophic Canada is the country's leading manufacturer of
natural supplements. The Company has a total of 65 stores throughout the
country.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.





For further information:

For further information: Planet Organic Health Corp., Darren Krissie, VP
Corporate Development, CFO, (780) 719-4667

Organization Profile

PLANET ORGANIC HEALTH CORP.

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