SunOpta Posts Sales Decline But Share Price Moving Up

Canada-based SunOpta, which specialises in natural and organic food, has booked a decline in sales and profits for the first half of 2009. Over the period revenues dropped by 6% to US$489.8mn, while earnings sunk to US$0.1mn from U$2.2mn a year earlier. The declines come after the firm decided in February not to issue revenue and earnings guidance for 2009. However, despite the fall in earnings and the continued lack of guidance for the rest of the year, SunOpta's share price has been on an upwards path since the beginning of 2009 (see chart), which merits

To read the full article, please choose one of the following options: