Global Food and Ingredients Ltd (TSE:PEAS) has released an update.
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Global Food and Ingredients Ltd. (GFI) has reported a strong third quarter with a revenue of $36.9 million, marking a significant increase in gross profit by 20.4% and a notable 59.4% rise in adjusted gross profit. The company’s strategic shift towards higher-margin products such as split peas and plant-based pet food ingredients, which now constitute a larger portion of their revenue, has contributed to a positive pre-tax income and an EBITDA of $1.3 million.
For further insights into TSE:PEAS stock, check out TipRanks’ Stock Analysis page.
