Wednesday, 10 February 2016

Rogers Sugar 1st Quarter 2016 Results

Rogers Sugar announced their 1st Quarter 2016 results, which can be found here.

Rogers Sugar is a bit of a boring staple in my portfolio. In Canada, sugar is a somewhat protected industry, with only two major producers (Rogers and Redpath), and their markets protected by anti dumping duties levied by the Canadian Government. Never mind the fact sugar is a product found in hundreds of consumer goods, but it has industrial applications as well. While I don't expect to see massive value appreciation out of it, delivers a solid, steady dividend and has been a reliable staple in my portfolio for years.

The results demonstrate that, nothing spectacular, nothing upsetting. Solid and steady as she goes.

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