Business
Canyon Creek Food Company Ltd. Announces Second Quarter Results
Canyon Creek Food Company Ltd. Announces Second Quarter Results.
About this update from Canyon Creek Food Company Ltd.
[{"type":"text","content":"\n\n\n\n\nTSXV Symbol: CYF\n\nCALGARY, Jan. 31 /CNW/ - Canyon Creek Food Company Ltd. (\"Canyon Creek\"),\nlisted on the TSX Venture Exchange Inc. under the trading symbol \"CYF\", is\npleased to announce its second quarter results. Listed below are some of the\nhighlights of the second quarter:\n\n- The NET PROFIT for Q2 of $23,758 is a significant turnaround for the\n company when compared to a net loss of $217,105 in Q2 of the previous\n year.\n\n- Sales increased by 44% in Q2 vs Q2 in previous year.\n\n- The gross margin comparisons when only direct costs are factored into\n the cost of goods is 32% for Q2 vs 15% in previous year and 21% in\n fiscal 2005\n\n- The company's YTD loss is $26,095 vs $590,077 for the same period\n last year.\n\n- EBITDA is a positive $133,292 YTD vs a negative $254,994 for the same\n period last year.\n\nTerence Alty, President of Canyon Creek Soup Company states \"This is\ncertainly a monumental achievement for the company. We are very pleased with\nthe results as we have just begun fulfilling our contractual sales obligations\nand therefore are looking forward to a very profitable future.\"\n\nAbout Canyon Creek\n------------------\n\nCanyon Creek is a food processing company based in Calgary and Edmonton,\nAlberta providing fresh soups and other prepared food products for today's\nhealth conscious consumer. The company provides its fresh food product line to\nboth grocery retailers and a broad range of food service establishments such\nas restaurants and institutions throughout Canada.\n\nThe TSX Venture Exchange has neither approved or disapproved of the\ncontents of this press release.\n\n%SEDAR: 00004242E\n\n\n","length":1716,"tagName":"div"}]