May 11, 2011 / 9:14 PM / in 7 years

UPDATE 1-SunOpta Q1 profit rises on higher food sales

* Q1 EPS $0.08 vs $0.07 year ago

* Q1 revenue up 20 pct at $260.9 mln (Follows alerts)

May 11 (Reuters) - Canadian organic food producer SunOpta Inc posted first-quarter earnings that rose 22 percent, driven by gains from its grains and international foods segments.

Quarterly earnings were $5.7 million, or 8 cents a share, up from $4.6 million, or 7 cents a share a year ago.

Brampton, Ontario-based Sunopta, which also operates Opta Minerals Inc , posted a 20 percent rise in revenue at $260.9 million.

Analysts on average expected earnings of 8 cents, according to Thomson Reuters I/B/E/S.

Shares of the company closed at C$7.08 on Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Prem Udayabhanu)

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