SCOTTSDALE, AZ--(Marketwire -04/02/12)- NutraCea (OTCQB: NTRZ.PK - News) (Pinksheets: NTRZ.PK - News), a global leader in the production and marketing of value added products derived from rice bran, today announced its financial results for the year ending December 31, 2011.

W. John Short, Chief Executive Officer of NutraCea, stated, "In 2011, NutraCea continued to make significant strides from both a financial and operational point of view. Financially, we delivered continued improvement in all areas of our business. Consolidated revenues increased 10.7%, gross profit increased 8.8%, operating expenses decreased by $3.7 million and our net loss attributable to NutraCea shareholders improved by $5.6 million."

"These results were driven by a 24.2% increase in revenue and a 71.6% increase in gross profit in our Brazil segment. We are optimistic about the future of this segment as we continue working toward completion of the capital expansion projects currently underway at our Brazilian facility. Management is equally pleased that we have been able to increase core SRB sales in our USA segment over the last two years while divesting non-core assets related to cereal and equine brand products."

Mr. Short continued, "A key component of our business strategy is to develop strategic alliances that will help us leverage our competitive strengths to increase value for our shareholders and business partners. In 2011 we entered into two strategic alliances: a joint research and development agreement with DSM Innovation Center, a subsidiary of Royal DSM N.V.; and an exclusive, co-branded international product distribution agreement covering over 40 countries with Beneo, a subsidiary of SudZucker Group. We are working diligently with our alliance partners on both of these efforts."

Click here for the complete release...