SunOpta has reported higher underlying earnings for the first nine months of the year on the back of growth from its foods businesses.
The Canada-based group is aiming to become a “pure-play integrated natural and organic foods company” and enjoyed growth from its food operations.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Adjusted earnings from continuing operations, excluding charges from impairments on non-food assets, stood at US$22.8m for the nine months to 28 September, up from $17.1m a year ago.
Operating income from the company’s SunOpta Foods arm, which includes divisions including value-added ingredients and consumer products, was up 34.6% at $46.2m.
Revenue from SunOpta Foods grew 12.3% to $884.7m.
On a group-wide, reported basis, SunOpta booked net income of $15m, compared to a loss of $7.2m a year earlier, when the company recorded impairment charges on its Opta Minerals business.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe group booked “record” nine-month revenue of $990.4m, an increase of 11.4% on the year.
