Imperial Sugar Co. Reports Improved Net Income For Second Quarter
Imperial Sugar Co. reported a net income of $4.2 million, or
$0.34 per diluted share, for the second fiscal quarter ended
March 31, 2011, compared to a net loss of $33.3 million,
or $2.82 per diluted share, for the second fiscal quarter of
Gross margin as a percent of sales for the six months ended March 31, 2011 improved to 1.6 percent compared to a negative 7.4 percent for the same period last year primarily due to higher refined sugar prices.