SunOpta Inc. (Nasdaq: STKL), a company that straddles the organic food and cellulosic biomass industries, reported that its first-quarter profit grew 28% on the strength of sales in its food group.
Net income climbed to $3.9 million, or 6 cents per share, from $3 million, or 5 cents per share, in the prior year quarter.
Revenue rose 38% to $183.4 million from $133.3 million in the first quarter of 2006, exceeding Wall Street’s target of $176.1 million.
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