Business
Lassonde Industries Inc. announces its results for the fourth quarter and fiscal 2013
ROUGEMONT, QC , March 28, 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, March 28, 2014 /CNW Telbec/ - Lassonde Industries Inc.\n (TSX: LAS.A) (\"Lassonde\") posted sales of $1,040.2 million in fiscal\n 2013, a 1.8% increase year over year. Profit attributable to the\n Company's shareholders totalled $44.9 million, up 1.7% from fiscal\n 2012.\n\n\n\n\nFinancial highlights\n(in thousands of dollars)\n\n\nFourth quarters\nended\n\n\nYears\nended\n\n\n\n\n \n\n\nDecember 31,\n2013\n\n\nDecember 31,\n2012\n(restated) (1)\n\n\nDecember 31,\n2013\n\n\nDecember 31,\n2012\n(restated) (1)\n\n\n\n\nSales\n\n\n$\n\n\n283,512\n\n\n$\n\n\n277,325\n\n\n$\n\n\n1,040,209\n\n\n$\n\n\n1,022,218\n\n\n\n\nOperating Profit\n\n\n \n\n\n27,662\n\n\n \n\n\n29,200\n\n\n \n\n\n83,130\n\n\n \n\n\n85,855\n\n\n\n\nProfit before income taxes\n\n\n \n\n\n23,090\n\n\n \n\n\n22,597\n\n\n \n\n\n62,190\n\n\n \n\n\n58,851\n\n\n\n\nProfit attributable to the Company's shareholders\n\n\n \n\n\n16,548\n\n\n \n\n\n17,587\n\n\n \n\n\n44,935\n\n\n \n\n\n44,193\n\n\n\n\nBasic and diluted earnings per share (in $)\n\n\n$\n\n\n2.37\n\n\n$\n\n\n2.52\n\n\n$\n\n\n6.43\n\n\n$\n\n\n6.32\n\n\n\n\n\n\n(1)\n\n\n \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 31 to the audited consolidated financial statements for the\n year ended December 31, 2013.\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, 2013 will be available on the\n SEDAR website at www.sedar.com and on the website of Lassonde Industries Inc.\n\n\n\"We are pleased to report a 1.7% increase in earnings per share for 2013\n despite challenging market conditions. As industry volumes are not\n showing signs of improvement, we intend to take the steps necessary to\n protect our competitive position. We also want to note that Clement\n Pappas repaid US$42.7 million of its long-term debt in 2013 from\n operating cash flows,\" said Pierre-Paul Lassonde, Chairman of the Board\n and Chief Executive Officer of Lassonde Industries Inc.\n\n\n2013 Financial Results\nThe Company's sales amounted to $1,040.2 million in 2013, up\n $18.0 mil...