Canadian food group SunOpta made a loss in 2013 but the company described the year as “transformational” as it realigned its operations to focus on natural and organic food.
SunOpta racked up a net loss from continuing operations of US$8.7m, compared to earnings of $54.5m in 2012.
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Losses from discontinued operations pushed SunOpta further into the red. Total net losses stood at $9m, compared to earnings of $25.8m in 2012.
However, it also booked a pre-tax loss from continuing operations of $874,000, down from a pre-tax profit of $35.4m in 2012.
Nevertheless, sales were up, climbing from $1.1bn in 2012 to $1.2bn in 2013.
CEO Steve Bromley said: “Fiscal 2013 was a transformational year for SunOpta, marked by a significant operational realignment, changes in leadership, and a re-positioned go-to-market strategy to better position our company for sustainable long-term growth.”
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By GlobalDataWhile the company continues to face “some of the operational challenges” in the early part of 2014, Bromley offered an upbeat assessment of the group’s prospects. “Our internal re-alignment is now complete and the company is better positioned to capitalise on the strong growth trends in the natural and organic foods industry.”
