|Sunora Foods earns $82,525 in Q2 2017|
2017-08-29 08:06 MT - News Release
Mr. Dean Stuart reports
SUNORA FOODS ANNOUNCES SECOND QUARTER FINANCIAL RESULTS
Sunora Foods Inc. has filed its financial statements and management discussion and analysis for the second quarter ending June 30, 2017. These filings are available for review on SEDAR and the corporation's website.
During the second quarter ended June 30, 2017, Sunora's highlights include the following:
-Revenue of $3,164,688 for Q2 2017 versus revenue of $2,835,773 for the comparable Q2 2016, an increase of 11.6 per cent;
-International sales of $567,204 for in Q2 2017 versus international sales of $574,619 for the comparable Q2 2016;
-Net income from operations for the three-month period ending June 30, 2017, of $82,525;
-Trade dispute settled for $434,684, including estimated legal costs;
-Net comprehensive income after settlement of trade dispute of negative $243,175 for the Q2 2017 period;
-Cash and cash equivalents of $3,356,010 and working capital of $3,709,554 at the end of Q2 2017.
ending June 30, 2017
Gross margin $253,684
Net income from operation $82,525
Net comprehensive income ($243,175)
Earnings per share ($0.006)
About Sunora Foods Inc.
Sunora Foods is a food oil entity based in Calgary, Alta., 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.
© 2017 Canjex Publishing Ltd. All rights reserved.
| Reply to Jimjones1972 - Msg #5948 - 08/21/2017 00:23|
Less than 10 business days left to go before SNF’s Q2 results are out. In the meantime, I found a website that just started following Sunora Foods, see below:
MY MICROCAP PORTFOLIO EXPERIMENT – INVESTING IN 16 CANADIAN MICRO-CAP STOCKS
I’ve decided to experiment in the Canadian Micro-cap space. Micro-caps are those companies on the TSX and TSX Venture Exchange that trade below $100 million market capitalizations. Out of hundreds of companies, I selected only 16 stocks (see below – do you own any of these stocks too?). I looked for micro companies that can possibly turn into multi-baggers on the foundation of their unique product/service, large addressable market, long runway to grow, exceptional management, high/steady gross margins, high revenue growth, and in most cases – profitable, cash flow positive, high return on equity (ROE), and return on capital (ROIC) operations.
Check out my MicroCap Portfolio (est. Aug 2017) below – 16 micro cap stocks. I’ll provide updates in the future – hopefully it all works out. I’m well aware that some micro-caps might fail, while others will be average performers, but it’s the 2-3 that possibly turn into multi-baggers that I’m really excited about. Overtime, I’ll invest more capital into the winners, and trim or eliminate the losers, if any decline more than 50%. We’ll see – time will tell. (note – I previously owned 4 micro-cap stocks below – Intrinsync Technologies, Greenspace Brands, Ten Peaks Coffee, and Ceapro, but have now segmented them into my new MicroCap Portoflio).
My Canadian MicroCap Portfolio (est. Aug 2017)
Vigil Health Solutions
Pioneering Technology Corp
Vitreous Glass Inc
DMD Digital Health Connections Group Inc
Redishred Capital Corp
Sunora Foods Inc
Bevo Agro Inc
Diamond Estates Wines & Spirits Inc
CVR Medical Corp
Ten Peaks Coffee