Food purveyor turns profit

NAPLES — Innovative Food Holdings, a company that provides fine foods to high-end restaurant chefs, posted net income of $1.6 million on revenues of $5.1 million in the quarter ended Sept. 30.

That compares with a net loss of $142,000 on revenues of $2.9 million in the same quarter one year ago.

In a filing with the Securities and Exchange Commission, Innovative Food says the improved results were due in part to the acquisition in May of Artisan Specialty Foods in Chicago. Innovative financed that acquisition for $1.2 million primarily with debt.