(CHARLOTTE) -- Snyder's-Lance, Inc. reported first quarter net income of $10.8 million.  This compared to a net loss of $700,000 during the same period last year.

This is the first full quarter of operations for the Charlotte-based company following Lance's merger with Snyder's of Hanover, Inc. The first quarter net income reflects an after-tax expenses of $1 million related to the Merger.

"We continue to be very excited about the Merger which has created Snyder's-Lance," said David V. Singer, Chief Executive Officer.  "Our first quarter results were strong, and I am extremely proud of everyone at Snyder's-Lance for delivering these great results while making real progress toward integration."

Snyder's-Lance expects to complete the most of the merger integration by mid-2012. Singer said we "are committed to delivering solid financial results while completing this work."

The company's net revenues for the first quarter were $388 million. This represents a 75 percent increase over prior year net revenues of $222 million that were reported by Lance.