August 29, 2017 / TheNewswire / CALGARY, ALBERTA.  Sunora Foods Inc. (the “Corporation”) (TSX-V: SNF) – is pleased to announce the filing of its financial statements and management discussion and analysis for the second quarter ending June 30, 2017. These filings are available for review on SEDAR and the Corporation’s website.

 

During the second quarter ended June 30, 2017 Sunora’s highlights include the following:

 

• - Revenue of $3,164,688 for Q2 2017 versus revenue of $2,835,773 for the comparable Q2 2016, an increase of 11.6%;

  - International sales of $567,204 for in Q2 2017 versus international sales of $574,619 for the comparable Q2 2016;

  - Net Income from operations for the three month period ending June 30, 2017 of $82,525;

  - Trade dispute settled for Cdn $434,684, including estimated legal costs;

  - Net comprehensive income after settlement of trade dispute of ($243,175) for the Q2 2017 period;

  - Cash and Cash Equivalents of $3,356,010 and working capital of $3,709,554 at the end of Q2 2017.

  

Financial Highlights

 

	Second Quarter ending June 30, 2017
Sales	$3,164,688
Gross Margin	$253,684
Net Income from Operations	$82,525
Net Comprehensive Income	($243,175)
Earnings Per Share	($0.006)

 

About Sunora Foods

 

Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the “Sunora”, “Sunera” and numerous private label brands.

For further information, please contact:

Dean Stuart

Investor Relations

T: (403) 617-7609

E: dean@boardmarker.net

 

Steve Bank

Chief Executive Officer and President

T: (403) 247-8300

E: steve.bank@sunora.com

 

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.