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Categories: Corporate Results

PureCircle: Results for the Financial Year Ended 30 June 2008

Source: PureCircle Limited
16/10/2008

October 15, 2008 - PureCircle, the world's leading developer and producer of PureVia(TM) Reb-A, the first all-natural sweetener seen as a viable complement to sugar in mainstream food and beverage production ('F&B'), today announces results for financial year ended 30 June 2008 ('FY 2008') and comparatives for the year ended 30 June 2007 ('FY 2007') to reflect the change in year end announced in August 2008.

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FINANCIAL HIGHLIGHTS

�� Sales more than trebled due to a major increase in demand

�� Results also benefited from increase in production throughput

�� Strong positive operating margins achieved on just 11% refining capacity utilisation

�� Robust balance sheet with net assets of US$82million (2007: US$15 million)

�� Strong cash position of US$44million (2007: US$0.5 million) leaves the Group well placed to invest in further growth

 

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