Canadian food maker Canyon Creek Food Co. has posted lower annual losses as a reduced ingredients bill and better efficiencies boosted margins.
The company yesterday (19 October) booked a net loss of C$648,484 (US$630,507) for the 12 months to the end of May, down from C$1.1m a year earlier.
The improved bottom line came despite a 25% drop in sales. Canyon Creek said sales fell 25.2% – without disclosing a specific figure. The group said it had suffered a “further decline” in its retail business.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now