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Imperial Sugar Profits Decline

NEW YORK - Dec 10/07 - SNS -- Imperial Sugar Company reported a net income of U,S. $8.234 million on sales of $219.563 million for the fourth quarter ending September 30, compared to a net of $15.731 million on sales of $240.279 million during the same three month period last year.

This lifted net income for the 2007 fiscal year to $40.239 million on sales of $875.527 million, compared to a net of $50.059 million on sales of $946.823 million during the previous fiscal year.

Commenting on the results, Robert A. Peiser, Imperial's president and chief executive officer, said, "Unfortunately, as the year progressed, the fundamental supply/demand balance shifted with prices of our product softening during the latter part of the year. As we have discussed in the past, we expect soft prices to continue into our 2008 fiscal year, mitigated somewhat by lower raw sugar prices."

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