While Q215 stevia revenue was below our forecasts, net results matched our expectations of an adjusted C$0.11 EPS loss. We expect margins to improve in the coming quarters, through increased LHG sales and overall capacity utilisation, and the deployment of higher extract-yielding proprietary stevia leaf. We continue to anticipate GLG will reach break-even EBITDA in 2016 and generate positive operating income in 2017.
23 Sep 2015
Luo Han Guo drives revenue growth
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Luo Han Guo drives revenue growth
GLG Life Tech Corporation (GLG:TSE) | 0 0 -1.0% | Mkt Cap: 39.0m
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23 Sep 2015 - Author:
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While Q215 stevia revenue was below our forecasts, net results matched our expectations of an adjusted C$0.11 EPS loss. We expect margins to improve in the coming quarters, through increased LHG sales and overall capacity utilisation, and the deployment of higher extract-yielding proprietary stevia leaf. We continue to anticipate GLG will reach break-even EBITDA in 2016 and generate positive operating income in 2017.