Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Companies / Canada

SunOpta Reports Big Revenue rise

November 2008 | Company Finance Alert

Canada-based organic food producer SunOpta has reported a 37% increase in sales for the first 9 months of 2008, to reach CAD810mn (US$690mn). This increase was driven by the acquisition of The Organic Corporation in April, and by consolidated internal growth of 21%. However, earnings fell due to costs associated with a write down at the company's berry operations. Nevertheless, the big increase in revenues suggests that the firm may prove to be relatively resilient during the economic

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