Sunora Foods Quarter 1 Financial Results and Market Radio Interview
03 June 2014 - 11:21PM
Access Wire
Sunora Foods Quarter 1 Financial Results and
Market Radio Interview
CALGARY, ALBERTA / ACCESSWIRE
/ June 3, 2014 / Sunora
Foods Inc. ("Sunora" or the "Corporation") (TSX
Venture: SNF) is pleased to announce the Quarter 1 financial
results for the period ending March 31, 2014. Financial Results and
Management Discussion and Analysis can be viewed at
www.sedar.com.
Highlights for this period are as
follows:
-Revenue of $2,959,727 for the
3 month period ending March 31, 2014
-Total assets for the period
ending March 31, 2014 of $3,739,165
-Net loss of $58,792 or $0.001
per share
-Cash flow from operations of
$74,258
-United States sales of
$1,636,727
-International sales in the
amount of $574,490 which includes regions in South America, Africa,
Asia, the Middle East, Eastern Russia, Australia and New
Zealand
Sunora continues to recognize
additional sales volume to international markets including China.
Overseas markets are expected to provide greater long term
stability to sales as awareness of healthy food choices continues
to grow and the demand from middle class households expands. The
Corporation has enhanced its international marketing efforts
through additional salespeople in new regions, with increased
flexibility and autonomy as trusted relationships are
established.
Sunora has recently completed
an audio interview with Marketradio.ca, a Canadian based leader in
providing investment information for potential and current
investors. This interview focuses on Mr. Steve Bank, Chief
Executive Officer and Chairman of Sunora Foods Inc. and the current
and potential opportunities for Sunora and its portfolio of food
oils. To listen to this interview please visit www.marketradio.ca. It
is expected the interview will go live on Wednesday June 4,
2014.
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.
For further information
Dean Stuart
Investor Relations
T: 403 517 2270
E: dean@boardmarker.net
Steve Bank
Chief Executive Officer and
President
T: 403 247 8300
E: steve.bank@sunora.com
Neither
the TSX Venture nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Sunora Foods Inc.
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