USA: Imperial Sugar reports US$1.1m loss in Q3
Sugar Land, Texas-based Imperial Sugar Company (ISC), the largest processor and marketer of refined sugar in the US, reported a Q3 net loss of US$1.1m before gains on asset sales, as compared to a loss of US$15.6m in the year-ago period. Net sales in the Q3 2002 were US$319.9m, compared to US$372.3m a year ago. Of this US$52.4m reduction in revenue, US$47.3m was attributable to the sale of certain businesses during this FY.
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