Business
Lassonde Industries Inc. announces its results for the fourth quarter and fiscal 2012
ROUGEMONT, QC, March 28, 2013 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nROUGEMONT, QC, March 28, 2013 /CNW Telbec/ - Lassonde Industries Inc.\n (TSX: LAS.A) (Lassonde) posted sales of $1,022.2 million in fiscal\n 2012, a 34.5% increase year over year. Profit attributable to the\n Company's shareholders totalled $43.9 million, up $9.4 million from\n fiscal 2011.\n\n\nFinancial Highlights\n(in thousands of dollars)\n\n\nFourth quarters endedDecember 31\n\n\nYears endedDecember 31\n\n\n \n\n\n2012\n\n\n \n\n\n2011\n\n\n \n\n\n2012\n\n\n \n\n\n2011\n\n\n \n\n\nSales\n\n\n$277,325\n\n\n \n\n\n$269,552\n\n\n \n\n\n$1,022,218\n\n\n \n\n\n$760,258\n\n\n \n\n\nOperating profit\n\n\n29,115\n\n\n \n\n\n24,934\n\n\n \n\n\n85,516\n\n\n \n\n\n60,347\n\n\n \n\n\nProfit before income taxes\n\n\n22,512\n\n\n \n\n\n17,253\n\n\n \n\n\n58,512\n\n\n \n\n\n46,386\n\n\n \n\n\nProfit attributable to the Company's shareholders\n\n\n17,525\n\n\n \n\n\n13,157\n\n\n \n\n\n43,946\n\n\n \n\n\n34,471\n\n\n \n\n\nBasic and diluted earnings per share (in $)\n\n\n$2.51\n\n\n \n\n\n$1.91\n\n\n \n\n\n$6.29\n\n\n \n\n\n$5.12\n\n\n \n\n\n\n\n\nNote: These are financial highlights only. Management's Discussion and\n Analysis, the audited consolidated financial statements and notes\n thereto for the year ended December 31, 2012 will be available on the\n SEDAR website at www.sedar.com and on the website of Lassonde Industries Inc.\n\n\n\n\n\n\"Despite heightened competition and lower sales volumes in the fruit\n juices and drinks industry, we are pleased to be presenting solid\n growth in our results. We are continuing to prioritize repayment of the\n Clement Pappas debt, which has decreased by US$41.9 million between the\n acquisition date and December 31, 2012,\" said Pierre-Paul Lassonde,\n Chairman of the Board and Chief Executive Officer of Lassonde\n Industries Inc.\n\n\n\n\n\n2012 Financial Results\nThe Company's sales amounted to $1,022.2 million in 2012, up\n $261.9 million (34.5%) from $760.3 million in 2011. Clement Pappas and\n Company, Inc. (CPC) generated $417.1 million in sales in 2012. CPC's\n sales had totalled $178.6 million for the period of August 13, 2011\n (the date when CPC began operating under the Company'...