SUNOPTA : résultats T2 meilleurs qu'anticipé

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12 août 2008 •12:47

SunOpta affirms 2008 profit, revenue outlook
Monday August 11, 10:43 am ET
SunOpta reiterates 2008 guidance, profit range exceeds Wall Street estimates


NEW YORK (AP) -- Canada-based organic foods producer SunOpta Inc. on Monday affirmed its 2008 profit and revenue guidance.
The company said it expects profit between 25 cents and 30 cents per share for the year, excluding one time items.

Analysts polled by Thomson Financial anticipate profit between 22 cents and 28 cents per share, with a mean of 25 cents per share. Analyst estimates typically exclude special charges and gains.

The company also said it still expects to report revenue of more than $1 billion. Analysts predict revenue of $1.04 billion.

Shares jumped 67 cents, or 13 percent, to $5.79 in morning trading.


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SunOpta 2Q profit drops 79 percent on fees
Monday August 11, 10:28 am ET
SunOpta 2nd-quarter profit falls 79 percent on professional fees, severance costs


NEW YORK (AP) -- Canada-based organic foods producer SunOpta Inc. said Monday its second-quarter profit dropped 79 percent due to higher expenses, professional fees and severance costs.
For the quarter ended June 30, net income fell to $719,000, or 1 cent per share, from $3.4 million, or 5 cents per share, in the prior year quarter.



Analysts polled by Thomson Financial expected profit of 6 cents per share, on average.

The company said it was hurt by professional and related fees and severance costs from its investigation into the write-down of its fruit group berry operations and the resulting delay in filing its annual report for 2007.

The company said without those fees, its profit would have increased 49 percent from the year-ago result. The company did not offer a per-share adjusted figure that excluded the fees.

Expenses soared, with cost of goods rising 44 percent and interest expense virtually doubling during the quarter.

Revenue jumped nearly 42 percent to $292 million from $206.4 million in the second quarter of 2007. Analysts predicted revenue of $271.1 million.

Revenue in the food group was helped by the acquisition of The Organic Corp. B.V., called Tradin Organics, in April.

Shares jumped 58 cents, or 11 percent, to $5.70 in morning trading.