Business
Lassonde Industries Inc. announces its Q2 2011 results
ROUGEMONT, QC, Aug. 10, 2011 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) genera...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nROUGEMONT, QC, Aug. 10, 2011 /CNW Telbec/ - Lassonde Industries Inc.\n (TSX: LAS.A) generated $146.9 million in sales for the second quarter\n of 2011, up 10.2% from the same quarter of 2010. The Company's profit\n stood at $6.4 million, down $0.5 million from 2010. It should be noted\n that expenses related to the pending acquisition of Clement Pappas and\n Company, Inc. have had a total after-tax impact of $1.9 million on the\n profit of the second quarter of 2011.\n\n\nThese results are presented in accordance with International Financial\n Reporting Standards (IFRS). Comparative figures for the same quarter\n last year have been restated to reflect IFRS. Explanations about how\n the transition to IFRS has affected the financial statements are\n provided in Note 19 to the interim condensed consolidated financial\n statements for the quarter ended July 2, 2011.\n\n\n\n\n\nFinancial highlights\n(in thousands of Canadian dollars)\n\n\nSecond quarters ended\n\n\n \n\n\nJuly 2, 2011 \n\n  July 3, 2010  \n\nSales\n\n\n$146,870\n\n\n$133,251\n\n\nOperating profit\n\n\n               11,065\n\n\n10,635\n\n\nProfit before income taxes\n\n\n               8,994\n\n\n9,722\n\n\nProfit\n\n\n                 6,396\n\n\n6,877\n\n\nBasic and diluted earnings per share (in C$)\n\n\n$0.97\n\n\n$1.04\n\n\nNote: These are financial highlights only. Management's Discussion and\n Analysis, the unaudited interim condensed consolidated financial\n statements and the notes thereto for the quarter ended July 2, 2011\n will be available on the SEDAR website at www.sedar.com and on the website of Lassonde Industries Inc.\n\n\n\"We are satisfied with these results, which reflect our ability to\n maintain sustained growth,\" said Pierre-Paul Lassonde, Chairman of the\n Board and Chief Executive Officer of Lassonde Industries Inc.\n\n\nFinancial results\nThe Company's sales stood at $146.9 million in the second quarter of\n 2011, up $13.6 million or 10.2% from sales of $133.3 million for the\n same period of 2010. This increase in sales was mainly attributable to\n higher s...