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PureCircle: "Stevia volumes rose by above 20% year-on-year"

PureCircle stated that in the second half of 2012, sales are expected to be $30 million giving not less than $45 million for the full year 2012.

The company expects second half of 2012 variable margins to be in line with those reported in first half of 2012. With sales at double first-half levels, second half losses will be lower than first half of 2012.

stevia volumes rose by above 20% year-on-year. Within full year 2012, there has been triple digit growth in volumes of proprietary products, as Natural Flavor TM range and new Natural Sweeteners range.

"Looking forward, we are comfortable with market consensus for sales levels in FY 2013. Our guidance for high levels of sales remains mid-to-long term based and until then there will continue to be some volatility in our results," said CEO Magomet Malsagov. (bmg)