AGT FOOD & INGREDIENTS $32.70 (Toronto symbol AGT; TSINetwork Rating: Extra Risk) (604-231-1100; www.agtfoods.com; Shares outstanding: 23.9 million; Market cap: $782.3 million; Dividend yield: 1.8%) buys, processes and distributes a range of pulses—peas, beans, lentils and chickpeas—as well as other specialty crops.
Based in Saskatchewan, the company owns 13 processing plants in Canada, nine in Turkey, four in Australia, two in the U.S., one in China and another in South Africa.
In the three months ended December 31, 2016, AGT’s earnings per share rose 12.9%, to $0.72 from $0.64 a year earlier. Revenue gained 12.6%, to $650.9 million from $578.3 million. The company’s acquisitions contributed to those increases. They include short-line railways and bulkloading facilities in Saskatchewan.
Another big part of AGT’s growing success has come from processing crops beyond cleaning, sorting and bagging them. The company is now focused on selling higher profit-margin products such as flour, starch and other ingredients as well as packaged foods.
Demand for pulses keeps rising for a..
Privacy Policy and Terms of Use
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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