March 9, 2010 / 10:20 PM / 8 years ago

UPDATE 1-SunOpta posts narrower Q4 loss

* Q4 loss/shr $0.03 vs loss/shr $0.27 yr ago

* Q4 revenue tad up at $245.5 mln

March 9 (Reuters) - SunOpta Inc (SOY.TO) (STKL.O), a Canadian company focusing on organic foods and natural health products, posted a narrower quarterly loss, helped by improved margins and operating performances.

For the fourth quarter, the company reported a loss of $2.2 million, or 3 cents a share, compared with a loss of $17 million, or 27 cents a share, a year earlier.

The company, however, reported adjusted earnings of 6 cents a share, against an adjusted loss of 2 cents a share, a year earlier.

Revenue rose marginally to $245.5 million.

Gross margins increased to 15.9 percent for the quarter from 11.7 percent in the fourth quarter of 2008.

The company said it was in compliance with all financial covenants at the end of the year.

Shares of the Brampton, Ontario-based company — which has three business groups, SunOpta Food Group, Opta Minerals Inc and SunOpta BioProcess Group — closed at C$3.41 Tuesday on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Maju Samuel)

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