PureCircle Limited Provides Earnings Guidance for the Second Half of the Year to June 30, 2014 and Full Fiscal 2014
The company also announced that fiscal 2014 growth in sales volumes and revenues will result in variable and gross margins, operating profit and net result being higher than those achieved in 2013. Group's Operating profit is expected to be $17 million, net result is expected to be positive and the Group's EBITDA is expected to be $20 million. The Group expects to end fiscal 2014 with net debt of $86 million and cash and funding headroom of $60 million. The company expects sales to be not less than $101 million for the full year 2014.