Sugar Demand Helps This Firm Report Solid Q4 Results

Sugar Demand Helps This Firm Report Solid Q4 Results

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, November 30, 2023

Sometimes, the best investments are in the basics — including an investment in sugar, as demand is expected to remain strong across all customer segments. Rogers Sugar Inc. (TSX: RSI) reported in a press release today fourth quarter fiscal 2023 results with consolidated adjusted EBITDA of $28.6 million and $110.9 million for the current quarter and the year, respectively, while also announcing a quarterly dividend.

According to Mike Walton, President and Chief Executive Officer of Rogers and Lantic Inc., “Our strong financial performance in 2023 demonstrates the successful execution of our strategy focused on meeting the growing needs of the Canadian market for quality refined sugar.” Shares were off in morning trade.


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