Sun-Rype Finances

Eric Sorensen, President and Chief Executive Officer of Sun-Rype Products Ltd., is pleased to announce the financial results for the third quarter of 2004.

Sun-Rype's third quarter net sales were $28.2 million (2003 - $27.7 million) and nine-month net sales were $87.8 million (2003 - $82.5 million). Third quarter net earnings were $1.2 million (2003 - $1.1 million), which equates to basic and diluted earnings per common share of $0.11 (2003 - $0.10). Nine-month net earnings were $4.7 million (2003 - $3.3 million), which equates to basic and diluted earnings per common share of $0.44 (2003 - $0.31). A dividend of $0.03 per common share was paid in the quarter.Full Story