Canada-based food group SunOpta has posted higher half-year sales and profits.
The ingredients and private-label products supplier booked operating income of US$28.8m for the six months to 5 July, compared to US$24m a year earlier.
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SunOpta pointed to increased volume and margins on organic raw materials, improved performance in the sunflower category, and higher volumes of consumer products including aseptic beverages, frozen foods and healthy snacks.
Revenues increased 13.1% to a “record” US$671.8m. Excluding an extra week in this year’s first half, revenue grew 14.4%.
SunOpta generated a net income of US$15.6m, up from a net loss of US$10.1m in the first half of 2013, when the company recorded an impairment loss on investment of US$21.5m.
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