Business
Lassonde Industries Inc. announces its results for the fourth quarter and for fiscal 2011
ROUGEMONT, QC, March 29, 2012 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) rep...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nROUGEMONT, QC, March 29, 2012 /CNW Telbec/ - Lassonde Industries Inc.\n (TSX: LAS.A) reports that its 2011 sales reached $760.3 million, up\n 41.8% from fiscal 2010. Profit attributable to the Company's\n shareholders stood at $34.5 million, up 7.8% over fiscal 2010.\n\n\nThese results are presented in accordance with International Financial\n Reporting Standards (IFRS). The results of the fourth quarter and of\n the prior fiscal year have been restated accordingly. An explanatory\n note concerning the transition is presented in Note 34 of the\n consolidated financial statements dated December 31, 2011.\n\n\n\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\n2011\n\n\n \n\n\n2010\n\n\n \n\n\n2011\n\n\n \n\n\n2010\n\n\n \n\n\nSales\n\n\n$269,552 \n\n\n \n\n\n$140,603\n\n\n \n\n\n$760,258\n\n\n \n\n\n$536,245\n\n\n \n\n\nOperating profit\n\n\n24,934\n\n\n \n\n\n17,616\n\n\n \n\n\n60,347\n\n\n \n\n\n50,183\n\n\n \n\n\nProfit before income taxes\n\n\n17,253\n\n\n \n\n\n16,314\n\n\n \n\n\n46,386\n\n\n \n\n\n45,188\n\n\n \n\n\nProfit attributable to the Company's shareholders\n\n\n13,157\n\n\n \n\n\n11,501\n\n\n \n\n\n34,471\n\n\n \n\n\n31,976\n\n\n \n\n\nBasic and diluted earnings per share (in $)\n\n\n$1.91\n\n\n \n\n\n$1.75\n\n\n \n\n\n$5.12\n\n\n \n\n\n$4.86\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, 2011 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 satisfied with the progress of the Clement Pappas integration.\n The results of fiscal 2011 are in line with our expectations despite a\n difficult business environment resulting from increased raw material\n costs,\" said Pierre-Paul Lassonde, Chairman of the Board and Chief\n Executive Officer of Lassonde Industries Inc.\n\n\nFiscal 2011 Financial Results\nThe Company's sales amounted to $760.3 million in 2011, up\n $224.1 million (41.8%) from $536.2 million in 2010. The growth in sales\n was mainly due to the acqu...