Release of results for the 1st quarter of 2008 - Lassonde Industries Inc. maintains its growth

About this update from Lassonde Industries, Inc. Class A

[{"type":"text","content":"\n\n\n\nROUGEMONT, QC, May 9 /CNW Telbec/ - Lassonde Industries Inc. (LAS.A -\nTSX) today announced that solid growth in net sales, operating income and net\nearnings were maintained in the first quarter of 2008.\n\n\n"I am pleased to confirm that the business model supporting last year's\ngood results also contributed to the achievement of the Company's business\nobjectives in the first quarter of 2008," stated Mr. Pierre-Paul Lassonde,\nChairman of the Board and Chief Executive Officer of Lassonde Industries Inc.\n\n\nFinancial highlights:\n---------------------\n\n-------------------------------------------------------------------------\nKey financial highlights First quarters ended\n(in thousands of dollars except\nearnings per share)\n-------------------------------------------------------------------------\n March 29, 2008 March 31, 2007\n (unaudited) (unaudited)\n-------------------------------------------------------------------------\nNet sales $118,515 $87,191\n-------------------------------------------------------------------------\nOperating income $9,547 $4,571\n-------------------------------------------------------------------------\nEarnings before income taxes $8,549 $4,041\n-------------------------------------------------------------------------\nNet earnings $5,786 $2,722\n-------------------------------------------------------------------------\nEarnings per share $0.87 $0.41\n-------------------------------------------------------------------------\n\n\nNote: These are financial highlights only. Management's Discussion and\nAnalysis, the unaudited consolidated financial statements and notes thereto of\nLassonde Industries Inc. for the quarter ended March 29, 2008 will be\navailable on the SEDAR Web site at www.sedar.com, and on the Web site of\nLassonde Industries Inc.\n\n\nFinancial results:\n\n\n-----------------\n\n\nIn the first quarter of 2008, net sales totalled $118.5 million, up\n$31.3 million over the $87.2 million in net sales posted in the first quarter\nof 2007. This 35.9% increase is among other things attributable to the\naddition of net sales from the two business acquisitions carried out by\nLassonde Industries Inc. at the end of 2007 and to organic growth resulting\nfrom an increase in our market shares in most of our sales territories.\n\n\nCost of goods sold and operating expen...

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