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Lassonde Industries Inc. announces its Q1 2017 results

Lassonde Industries Inc. announces its Q1 2017 results Canada NewsWire ROUGEMONT...

articleLassonde Industries, Inc. Class AMay 12, 20175/company/lassonde-industries-inc-class-a/news/lassonde-industries-inc-announces-its-q1-2017-results
Lassonde Industries Inc. announces its Q1 2017 results

About this update from Lassonde Industries, Inc. Class A

[{"type":"text","content":"\n\n\n\nLassonde Industries Inc. announces its Q1 2017 results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen1{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen5{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nROUGEMONT, QC, May 12, 2017\n\n\n\nROUGEMONT, QC, May 12, 2017 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) (\"Lassonde\") posted sales of $370.7 million in the first quarter of 2017. Excluding an $8.3 million unfavourable foreign exchange impact, sales were down 1.9% year over year. Profit attributable to the Company's shareholders for this period totalled $13.1 million, up $0.1 million from the first quarter of 2016. \n\n \n\n\n\n\n\n\n\nFinancial highlights \n\n(in thousands of dollars)\n\n\nFirst quarters\n\nended\n\n\n\n\nApril 1,\n\n2017\n\n\nApril 2,\n\n2016\n\n\n\nSales\n\n\n$\n\n\n370,738\n\n\n$\n\n\n386,475\n\n\n\nOperating profit \n\n\n23,666\n\n\n\n27,430\n\n\n\nProfit before income taxes \n\n\n20,256\n\n\n\n20,872\n\n\n\nProfit attributable to the Company's shareholders\n\n\n13,086\n\n\n\n12,955\n\n\n\nBasic and diluted earnings per share (in $)\n\n\n$\n\n\n1.87\n\n\n$\n\n\n1.85\n\n\n\n\n\n\nNote: These are financial highlights only. Management's Discussion and Analysis, the unaudited interim condensed consolidated financial statements...

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