Update: Luo Han Guo drives revenue growth
While Q215 stevia revenue was below our forecasts, net results matched our expectations of an adjusted C$0.11 EPS loss. We expect margins to improve in the coming quarters, through increased LHG sales and overall capacity utilisation, and the deployment of higher extract-yielding proprietary stevia leaf. We continue to anticipate GLG will reach break-even EBITDA in 2016 and generate positive operating income in 2017.GLG Life Tech is a vertically integrated producer of stevia extract, an all-natural sweetener extracted from the stevia plant. Co. is engaged in the research and development, growing, refining and production of stevia extract for distribution to the global food and beverage industry.
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