Sucro Provides Full Year 2023 Operational Update

About this update from Sucro Limited

[{"type":"text","content":"\n \n \n \n Sucro Provides Full Year 2023 Operational Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n 2023 Adjusted EBITDA\n \n \n 1\n \n \n expected to be at the upper end of\n \n $30\n \n to\n \n $32 million\n \n guidance\n \n \n \n \n \n \n CORAL GABLES, Fla.\n \n \n ,\n \n \n March 4, 2024\n \n \n /CNW/ - Sucro Limited (TSXV: SUG) (\"Sucro\" or the \"Company\"), an integrated sugar company focused primarily on serving the North American market, today provided an operational update, including its preliminary selected unaudited financial results for the fourth quarter and year ended\n \n December 31, 2023\n \n . All dollar amounts are in\n \n United States\n \n dollars (\"U.S. $\" or \"$\") unless otherwise noted.\n \n \n \n \n \n \n \n \n \n \n Based on preliminary unaudited Fourth Quarter and Full-Year 2023 results:\n \n \n \n \n 2023 Adjusted EBITDA\n \n 1\n \n expected to be at the upper end of our\n \n $30\n \n – 32 million guidance\n \n \n 2023 sales volumes from Sucro-owned refineries are expected to be 160,000 MT, an increase of 92% compared to 2022\n \n \n Approximate\n \n $30.00\n \n / MT expected year-over-year growth in 2023 Adjusted Gross Profit per Metric Ton Delivered\n \n 1\n \n on sugar sales from Sucro-owned refineries\n \n \n Significant progress on refining capacity investment at the Company's US-based Lackawanna facility that has just completed its first full year of commissioning and production\n \n \n \n \n Jonathan Taylor\n \n , CEO and Founder of Sucro commented \"These preliminary results evidence strong execution throughout our operations in the fourth quarter of 2023 to support financial performance at the upper end of our guidance range...

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