Saputo Inc. says it earned $342 million in its latest quarter, up from $337 million in the same quarter last year.
The dairy and cheese producer says the profit amounted to 87 cents
per diluted share for the quarter ended Dec. 31, up from 86 cents per
diluted share a year earlier.
Revenue in what was the company’s third quarter totalled $3.58
billion, up from $3.02 billion a year earlier, as the company benefited
On an adjusted basis, Saputo says it earned 44 cents per diluted
share, down from an adjusted profit of 47 cents per diluted share a year
Analysts on average had expected a profit of 45 cents per share, according Thomson Reuters Eikon.
Saputo also announced the appointment of Martin Gagnon as chief
acquisition and strategic development officer, effective April 1. Gagnon
joined the company in 2016 as executive vice-president, mergers and