Underlying quarterly losses at US sugar processor Imperial Sugar have fallen on the back of better sales, boosted by stronger volumes and higher prices for refined sugar.

The company booked a net loss of US$8.9m for the first quarter of its fiscal year, which ended on 31 December.

A year earlier, Imperial Sugar enjoyed a first-quarter net income of $178.1m but that figure was boosted by insurance claims related to the explosion at the company’s Port Wentworth facility in 2008. The company also recorded mark-to-market gains of $18.9m on raw-sugar derivatives.

Without these gains, Imperial Sugar’s first-quarter net loss would have been $12.1m last year.

The narrower loss this year came as net sales climbed 30.8% to $227.4m, Imperial said on Monday (7 February). Sales volumes grew 11% and refined prices increased 18%.

Click here for the statement issued by Imperial Sugar.

GlobalData Strategic Intelligence

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 GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now