February 1, 2011 / 12:10 PM / 7 years ago

CORRECTED - CORRECTED-UPDATE 1-GLG Life sees up to 60 pct growth for sweeten

(Corrects second bullet point and paragraph 3 to say that the company expects EBITDA of C$30-C$39 million in 2011, not earnings)

* Sees FY11 revenue between C$160-C$200 mln

* Sees EBITDA of C$30-C$39 mln

Feb 1 (Reuters) - Canadian sweetener maker GLG Life Tech Corp (GLG.TO) GLGL.O said it sees a 50-60 percent growth in its stevia sweetener business, and expects first-half revenue to be flat.

GLG forecast revenue of C$160-C$200 million for 2011.

The Vancouver-based company also said in a statement that it expects earnings before interest tax, depreciation and amortization (EBITDA) of C$30-C$39 million and capital expenditure of C$5-C$10 million for the year.

Shares of GLG closed at C$12.10 on Monday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Sriraj Kalluvila)

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