Business
Lassonde Industries Inc. announces its Q2 2014 results
ROUGEMONT, QC , Aug. 8, 2014 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) (...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\nROUGEMONT, QC, Aug. 8, 2014 /CNW Telbec/ - Lassonde Industries Inc.\n (TSX: LAS.A) (\"Lassonde\") posted sales of $272.4 million in the second\n quarter of 2014, a 5.4% increase year over year. Profit attributable to\n the Company's shareholders for this period totalled $11.2 million, down\n $0.2 million from the second quarter of 2013.\n\n\n\n\n\n\n\nFinancial highlights\n(in thousands of dollars)\n\n\nSecond quarters ended\n\n\n\n\n \n\n\nJune 28,\n2014\n\n\nJune 29,\n2013\n\n\n\n\nSales\n\n\n$  272,403\n\n\n$  258,550\n\n\n\n\nOperating profit\n\n\n21,851\n\n\n19,490\n\n\n\n\nProfit before income taxes\n\n\n16,877\n\n\n15,646\n\n\n\n\nProfit attributable to the Company's shareholders\n\n\n11,228\n\n\n11,385\n\n\n\n\nBasic and diluted earnings per share (in $)\n\n\n$        1.61\n\n\n$        1.63\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 28, 2014 will\n be available on the SEDAR website at www.sedar.com and on the website of Lassonde Industries Inc.\n\n\n\"The 2014 second quarter results reflect a combined impact of solid\n performance by our U.S. subsidiary and difficult market conditions in\n Canada. In addition, I'm pleased to announce the closing of the Apple &\n Eve acquisition, which marks another major step in the realization of\n our North American growth strategy,\" said Pierre-Paul Lassonde,\n Chairman of the Board and Chief Executive Officer of Lassonde\n Industries Inc.\n\n\nFinancial results\nThe Company's sales totalled $272.4 million in the second quarter of\n 2014, up $13.8 million or 5.4% from $258.6 million in sales during the\n same period of 2013. This increase was primarily driven by an increase\n in the sales of private labels and by a favourable foreign exchange\n impact, partly offset by a decrease in the sales volume of national\n brands. For the first six months of 2014, sales totalled\n $516.6 million, up 3.5% from $499.1 million in the first six months of\n 2013.\n\n\nThe Company's operating profit for the second quarter of 2014 stood at\n $21.9 million, up $2.4 million from operating profit of $19.5&...