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Losses widen at Imperial Sugar

This article was originally published in Foodnews

IMPERIAL Sugar has seen its losses widen. The company, which earlier this month agreed to be acquired by Louis Dreyfus for approximately USD203 million, recorded a loss of just shy of USD10.0 million for the six months ended 31 March, compared with a loss of USD4.8 million in the year-ago period. However, net sales rose to USD431 million, compared with USD420 million in the previous year. In April, the company sold its 50% voting interest in Wholesome Sweeteners Inc for USD60.4 million.

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