Canyon Creek Food Company Announces 2010 Q2 Results
TSXV Symbol: CYF
SALES -----
Canyon Creek sales declined 25.3% in Q2 or
GROSS PROFIT ------------
The gross profit increased from 23.2% to 33.9 % during the second quarter, compared to Q2 in 2009. This increase is attributed to lower cost of ingredients and efficiencies at plant level. A tremendous effort by all employees has demonstrated how the organization is able to improve its overall position. The company will continue to focus on driving costs down and improving yields.
NET PROFIT ----------
The net profit for the Q2, 2010 is
About Canyon Creek ------------------
Canyon Creek is a food processing company based in
This news release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
%SEDAR: 00004242E
For further information: Mr. Terry Alty, President and Director, Telephone: 1-888-217-1246. ext. 226
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