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Forum - Mining and Commodities Eh! (SUNORA FOODS INC - SNF.V)    All things commodities, with a Canadian Junior Miner focus.

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From: Jimjones1972 (Rep: 0) reply to Jimjones1972Date: 12/06/2016 23:19
Forum: Mining and Commodities Eh! - Msg #5696 - List SNF.V msgs Thread #673806379 (Rec: 0)
December 2016 company presentation. Keep in mind that SNF has over $3 million in cash with an asset/debt ratio of 4:1 and 71% insider holdings - http://www.sunora.com/assets/docs/ppt/sunora-foods-ppt-dec-2016.pdf



Reply to Jimjones1972 - Msg #5689 - 11/28/2016 09:59


Sunora Foods earns $122,103 in Q3

2016-11-28 06:10 MT - News Release

Mr. Steve Bank reports

SUNORA FOODS ANNOUNCES QUARTER 3 FINANCIAL RESULTS

Sunora Foods Inc. has filed its financial statements and management discussion and analysis for the fiscal period ending Sept. 30, 2016. These filings are available for review on SEDAR and the Corporation's website.

During the fiscal period ended September 30, 2016 Sunora's highlights include the following:

-Net Income for the period ending September 30, 2016 of $122,103, the 4 th consecutive quarter of increasing net income.
-Gross margin for the period ending September 30, 2016 of $328,982 or 10.0% on sales of $3,281,156.
-Revenue of $3,281,156 for the 2016 Q3 versus revenue of $2,451,477 for the comparable 2015 Q3.
-Cash and Cash Equivalents of $3,091,780 for the period ending September 30, 2016 versus $2,620,566 at the end of December 31, 2015.
-Inventory of $687,014 for the period ending September 30, 2016; due to inventory of bulk oil for future orders.
-Continued development of sales channels in China and Southeast Asia with international sales of $850,414, the highest in the Corporation's history.

Financial Highlights

Period ending September 30, 2016
Sales $3,281,156
Gross Margin $328,982
Income before Taxes$173,103
Net Income $122,103
Earnings Per Share $0.003
About Sunora Foods

Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands.

© 2016 Canjex Publishing Ltd. All rights reserved.
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