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GTN - Vinatea shows encouraging progress in Q3 2016 - Earnings Flash

GTN released 9M 2016 results with revenues -15.7% and EPS -90.8% vs 9M 2015. As we noted previously, in 2016, we are more attentive to the company’s progress in restructuring its acquired agri-food businesses instead of reading too much into its P&L. With that being said, Q3 2016 showed encouraging progress at Vinatea, which saw significant GPM improvement while sales ramped up solidly.