date:Jul 11, 2012
The most recent quarterly loss included a non-cash pre-tax charge of $2.8 million related to the redemption of the companys 15% Series
A Preferred Stock and a non-cash tax valuation allowance of $1.8 million.
Third-quarter net sales rose 9% to $92,924,000 from $85,233,000.
Operating income in the companys Food Ingredients segment totaled $5,362,000, down 3% from $5,517,000 in the same period a year ago. Net sales in the segment were $26,173,000, up 11% from $23,637,000. Penford said sales to the