Business
Lassonde Industries Inc. announces its Q2 2013 results
ROUGEMONT, QC, Aug. 9, 2013 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) ("L...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\nROUGEMONT, QC, Aug. 9, 2013 /CNW Telbec/ - Lassonde Industries Inc.\n (TSX: LAS.A) (\"Lassonde\") posted sales of $258.6 million in the second\n quarter of 2013, a 0.8% increase year over year. Profit attributable to\n the Company's shareholders for this period totalled $11.4 million, up\n $0.8 million from the second quarter of 2012.\n\n\nFinancial highlights\n(in thousands of dollars)\n\n\nSecond quarters ended\n\n\n \n\n\nJune 29,2013\n\n\nJune 30,\n2012\n(restated)(1)\n\nSales\n\n\n$\n\n\n258,550\n\n\n$\n\n\n256,403\n\n\nOperating Profit\n\n\n \n\n\n19,490\n\n\n \n\n\n20,739\n\n\nProfit before income taxes\n\n\n \n\n\n15,646\n\n\n \n\n\n13,784\n\n\nProfit attributable to the Company's shareholders\n\n\n \n\n\n11,385\n\n\n \n\n\n10,552\n\n\nBasic and diluted earnings per share (in $)\n\n\n$\n\n\n1.63\n\n\n$\n\n\n1.51\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 16 to the unaudited interim condensed consolidated financial\n statements for the quarter ended June 29, 2013.\n\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 June 29, 2013 will\n be available on the SEDAR website at www.sedar.com and on the website of Lassonde Industries Inc.\n\n\n\n\n\n\"We are pleased to report a slight increase in sales despite the\n unfavourable impact of adverse weather conditions on our markets in the\n second quarter of 2013,\" 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 totalled $258.6 million in the second quarter of\n 2013, up $2.2 million or 0.8% from $256.4 million in the same period of\n 2012. This increase was primarily driven by higher private label sales\n partly offset by lower sales volumes for national brands. For the first\n six months of 2013, sales totalled $499.1 million, up 1.9% from $489.8\n million in the first six months of 2012.\n\n\nThe Company's operating profit for the second quarter of 2013 stood at\n $19.5 million, down $1.2 million or 6.0% from operating profi...