Company reports 31.5% in financial growth

SunOpta says for fiscal 2008, it realized record revenues of $1.055 billion, an increase of 31.5% versus fiscal 2007 revenues of $802.5 million.

These results were led by a 32.4% increase in revenues from the SunOpta Food Group and reflect a consolidated internal growth rate of approximately 16% for fiscal 2008.

On a GAAP basis for fiscal 2008 the company realized a loss of ($10.9) million or ($0.17) per diluted common share including the impact of non-cash charges for goodwill impairment in certain operations and non-cash tax valuation allowances totaling $13.7 million, due in part to recent economic conditions and the decline in the company's stock price.