Dive Summary:
- PureCirlce, a leading stevia manufacturer, expects earnings from the first half of 2013 to reach $27.3 million with volume increasing across the board.
- The company cites several key accounts and contracts received recently, from drink makers and other large food producers, for the heightened outlook fro this year.
- This comes as an 80% increase from the first half of 2012, when the company posted a loss of $8.9 million.
From the article:
Stevia specialist PureCircle expects sales in the first half of fiscal 2013 (six months to Dec 31, 2012) to surge 80% to $27.3m. Meanwhile, volumes of high purity stevia sweeteners and natural flavors are expected to increase by 135%, led by sales of new proprietary ingredients.
EBITDA (profit before interest, tax, depreciation and amortization) is “expected to show an 80% improvement”
against the first half of 2012, in which the firm posted losses of $8.9m, said the firm.