Update: Luo Han Guo to help diversify 2015 revenues
Q414 revenues were in line with expectations, despite the pushing back of initial Luo Han Guo (LHG) extract sales into 2015. Margins should improve in 2015, given the growth in the deployment of high extract-yielding Huinong 3 (H3) leaf and the expected fulfilment of a US$9-12m initial LHG purchase order. We continue to expect GLG to return to positive EBITDA in 2016, which could be further supported by the future implementation of recently discovered, even higher-yielding, proprietary stevia leaf strains.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.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.