SunOpta, the Canada-based natural and organics group, today (21 July) filed its long overdue, restated numbers for 2007 – and revealed a slump in annual profits.
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The company, which restated the figures in order to account for a series of write-downs at its fruit unit, posted a 75.7% fall in operating income to US$5.7m.
The fall in earnings came despite rising sales as SunOpta benefited from rising demand for natural and organic grains and packaged products. Revenue rose by 34% to $804m.
Last month, SunOpta dismissed CEO Steve Bromley and CFO John Dietrich as part of its probe into the write-down in its berry business.
Both executives will leave their positions by December.
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