Imperial Sugar Company reported a net loss of $6.5m in the second quarter, compared to a net profit of $4.2m in the prior year period, while net sales were up 5.6%.
Imperial Sugar is still feeling the financial impact of the explosion at its Port Wentworth, Georgia refinery nearly two years ago, as it reported a $23.8m loss for fiscal 2009.
A three-way joint venture to build a $145m sugar refinery in Gramercy, Louisiana has been finalized by Cargill, the Imperial Sugar Company and Sugar Growers and Refiners (SUGAR).