Business
Lassonde Industries Inc. announces its Q3 2010 results
Lassonde Industries Inc. announces its Q3 2010 results
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\n Nov. 11, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nROUGEMONT, QC, Nov. 11 /CNW Telbec/ - Lassonde Industries Inc. (TSX symbol: LAS.A) today announced that its\n net earnings reached $8.8 million, up $1.5 million over the third\n quarter of 2009 net earnings. The Company's net sales increased by 7.2%\n in the third quarter of 2010 compared to the same quarter of 2009. "We\n are satisfied with the third quarter results but competitive pressures\n are not subsiding," said Pierre-Paul Lassonde, Chairman of the Board\n and Chief Executive Officer of Lassonde Industries Inc.\n\n\n\n\n\n\n\nFinancial highlights\n(in thousands of dollars except basic and diluted earnings per share)\n\n\nThird quarters ended\n\n\n\n\n \n\n\nOctober 2, 2010\n(unaudited)\n\n\nSeptember 26, 2009\n(unaudited)\n\n\n\n\nNet sales\n\n\n$136,678\n\n\n$127,523\n\n\n\n\nOperating income\n\n\n13,759\n\n\n11,545\n\n\n\n\nEarnings before income taxes\n\n\n12,425\n\n\n10,539\n\n\n\n\nNet earnings\n\n\n8,789\n\n\n7,282\n\n\n\n\nBasic and diluted earnings per share\n\n\n$1.34\n\n\n$1.10\n\n\n\n\nNote: These are financial highlights only. Management's Discussion and\n Analysis, the unaudited consolidated financial statements of Lassonde\n Industries Inc. and the notes thereto for the quarter ended October 2,\n 2010 will be available on the SEDAR website at www.sedar.com and on the website of Lassonde Industries Inc.\n\n\nFinancial results\n\n\nThe Company's net sales stood at $136.7 mi...