Rogers Sugar (TSE:RSI) has released an update.
Rogers Sugar Inc. has achieved a significant 52% increase in consolidated adjusted EBITDA, reaching a record $38.1 million in the second quarter of fiscal 2024, indicating robust growth across its Maple and Sugar business segments. The company has successfully concluded a strike with a new five-year collective agreement, and looks to sustain its profitability with an ongoing capacity expansion project. Despite a labor strike that reduced sales volume and EBITDA, the company’s overall financial health remains strong, with a positive outlook for continued growth.
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