Business
Lassonde Industries Inc. announces its Q3 2013 results
ROUGEMONT, QC , Nov. 12, 2013 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) ...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\nROUGEMONT, QC, Nov. 12, 2013 /CNW Telbec/ - Lassonde Industries Inc.\n (TSX: LAS.A) (\"Lassonde\") posted sales of $257.6 million in the third\n quarter of 2013, a 1.0% increase year over year. Profit attributable to\n the Company's shareholders for this period totalled $11.2 million, up\n $0.8 million from the third quarter of 2012.\n\n\n\n\n\nFinancial highlights\n(in thousands of dollars)\n\n\nThird quarters ended\n\n\n \n\n\nSeptember 28,2013\n\n\nSeptember 29,\n2012\n    (restated) (1)\n\nSales\n\n\n$  257,569\n\n\n$  255,084\n\n\nOperating Profit\n\n\n22,148\n\n\n22,657\n\n\nProfit before income taxes\n\n\n15,732\n\n\n14,476\n\n\nProfit attributable to the Company's shareholders\n\n\n11,151\n\n\n10,377\n\n\nBasic and diluted earnings per share (in $)\n\n\n$        1.60\n\n\n$        1.49\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 15 to the unaudited interim condensed consolidated financial\n statements for the quarter ended September 28, 2013.\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 September 28, 2013\n will 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 have been able to achieve a slight increase in sales despite\n difficult market conditions. I am also pleased to report that the\n indebtedness of Clement Pappas was reduced to US$190.0 million as at\n September 28, 2013 from US$254.6 million as at August 13, 2011,\" said\n Pierre-Paul Lassonde, Chairman of the Board and Chief Executive Officer\n of Lassonde Industries Inc.\n\n\nFinancial results\nThe Company's sales totalled $257.6 million in the third quarter of\n 2013, up $2.5 million or 1.0% from $255.1 million in the same period of\n 2012. This increase was primarily driven by a favourable foreign\n exchange impact partly offset by an unfavourable sales mix and lower\n private label sales attributable to the displacement of cranberry sauce\n sales to the fou...