BUZZ-SunOpta Inc: Lower-than-expected Q4 profit, revenue

Tue Mar 3, 2015 12:09pm EST
 
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** Canadian organic food company's U.S.-listed shares down 12.2 pct at $10.06

** Stock falls as much as 16 pct to 1-year low of $9.57

** Company reports lower-than-expected Q4 profit and revenue, hurt by higher cost of sales and lower income due to competition at Opta Minerals, its second largest business by revenue

** SunOpta says it is looking to divest Opta Minerals, which makes industrial minerals

** SunOpta also said it agreed to buy label organic and conventional orange juice supplier Citrusource LLC for $13.3 mln, to strengthen its healthy beverages portfolio

** Company's Toronto-listed shares down 13 pct at C$12.53

** Up to Monday's close, U.S.-listed stock had risen 18 pct in past 12 months