Date de l'article 2019-06-07
Source Canadian Grocer
Dairy processor Saputo Inc. missed expectations as
it capped its financial year by reporting lower profits in the fourth
quarter even though acquisitions boosted revenue by 18%.
The Montreal-based company earned $124.2 million or 32 cents per
diluted share for the quarter ended March 31, compared with $130 million
or 33 cents per share in the prior year.
Excluding one-time items, adjusted earnings fell 7% to $125.8 million
or 32 cents per diluted share. That was down from $135.3 million or 35
cents per share in the fourth quarter of 2018.
Revenue increased to $3.2 billion, from $2.7 billion.