Business
Lassonde Industries Inc. announces its Q1 2013 results
ROUGEMONT, QC, May 10, 2013 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) (Lasson...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nROUGEMONT, QC, May 10, 2013 /CNW Telbec/ - Lassonde Industries Inc.\n (TSX: LAS.A) (Lassonde) posted sales of $240.6 million in the first\n quarter of 2013, a 3.1% increase year over year. Profit attributable to\n the Company's shareholders for this period totalled $5.9 million, up\n 3.0% from the first quarter of 2012.\n\n\n\n\n\n\n\nFinancial highlights\n(in thousands of dollars)\n\n\nFirst quarters ended\n\n\n\n\n \n\n\nMarch 30,\n2013\n\n\nMarch 31,\n2012\n(restated) (1)\n\n\n\n\nSales\n\n\n$\n\n\n240,578\n\n\n$\n\n\n233,406\n\n\n\n\nOperating Profit\n\n\n \n\n\n13,830\n\n\n \n\n\n13,260\n\n\n\n\nProfit before income taxes\n\n\n \n\n\n7,722\n\n\n \n\n\n7,995\n\n\n\n\nProfit attributable to the Company's shareholders\n\n\n \n\n\n5,851\n\n\n \n\n\n5,678\n\n\n\n\nBasic and diluted earnings per share (in $)\n\n\n$\n\n\n0.84\n\n\n$\n\n\n0.81\n\n\n\n\n\n\n(1)\n\n\nFigures restated following the adoption, on January 1, 2013, of the\n amended version of IAS 19. For more information about the restatement,\n see Note 15 to the unaudited interim condensed consolidated financial\n statements for the quarter ended March 30, 2013.\n\n\n\n\n\n\n\nNote: These are financial highlights only. Management's Discussion and\n Analysis, the unaudited interim condensed consolidated financial\n statements and notes thereto for the quarter ended March 30, 2013 will\n be available on the SEDAR website at www.sedar.com and on the website of Lassonde Industries Inc.\n\n\n\"We are pleased to deliver growth in operating results for the first\n quarter of 2013 despite a slight decline in sales volumes across the\n industry,\" said Pierre-Paul Lassonde, Chairman of the Board and Chief\n Executive Officer of Lassonde Industries Inc.\n\n\nFinancial results\nThe Company's sales totalled $240.6 million in the first quarter of\n 2013, up $7.2 million or 3.1% from $233.4 million in the same period of\n 2012. This increase was primarily driven by higher private label sales\n and higher sales volumes for national brands.\n\n\nThe Company's operating profit for the first quarter of 2013 stood at\n $13.8 million, up $0.5 million or 4.3% from operating profit of\n $13.3 million in the same quarter last year. This increase is mainly\n due to additional margins generated by sales growth.\n\...