trending Market Intelligence /marketintelligence/en/news-insights/trending/SOFhwrxD3vJU6zr8PibcNg2 content esgSubNav
In This List

Rogers Sugar fiscal Q2 profit falls 65.1% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Rogers Sugar fiscal Q2 profit falls 65.1% YOY

Rogers Sugar Inc. said its normalized net income for the fiscal second quarter ended March 28 amounted to 5 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.

EPS decreased 59.2% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$4.9 million, a decline of 65.1% from C$14.0 million in the year-earlier period.

The normalized profit margin dropped to 3.8% from 11.0% in the year-earlier period.

Total revenue totaled C$127.1 million, compared with C$127.3 million in the year-earlier period, and total operating expenses rose 13.6% from the prior-year period to C$115.9 million from C$102.1 million.

Reported net income decreased 68.7% year over year to C$5.6 million, or 6 cents per share, from C$18.1 million, or 16 cents per share.