Brief: Sunopta posts Q1 adj. loss $0.01/shr from continuing operations

SunOpta

10/05/2017 12:30

May 10 (Reuters) - Sunopta Inc  SOY.TO  
    * Sunopta announces first quarter fiscal 2017 financial 
results 
    * Q1 adjusted loss per share $0.01 from continuing 
operations 
    * Q1 loss per share $0.16 from continuing operations 
    * Q1 revenue $330 million versus I/B/E/S view $344.2 million 
    * Q1 earnings per share view $-0.01 -- Thomson Reuters 
I/B/E/S 
    * Sunopta Inc - on track with value creation plan 
    * Sunopta Inc - is targeting implementation of $30 million 
of productivity-driven annualized enhancements of EBITDA, to be 
implemented over 2017 and 2018 
    * Sunopta Inc - plans increased investment in capital 
upgrades at several manufacturing facilities to enhance food 
safety and manufacturing efficiencies 
    * Sunopta Inc - expects to use cash to fund working capital 
in Q2 due primarily to timing of fruit harvest 
 
Source text for Eikon:  ID:nBw3mFccna  
Further company coverage:  SOY.TO  
 
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