Release of results for the 2nd 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, Aug. 8 /CNW Telbec/ - Lassonde Industries Inc.\n(LAS.A - TSX) announced today that it has maintained its growth, reporting\nincreases in net sales, operating income and net earnings for the second\nquarter of 2008.\n\n\n"Thanks to the strategy adopted by Lassonde Industries Inc., we have met\nour second quarter business objectives even under more challenging economic\nconditions," stated Mr Pierre-Paul Lassonde, Chairman of the Board and CEO.\n\n\nFinancial highlights:\n\n\n---------------------\n\n\n-------------------------------------------------------------------------\nFinancial highlights Second quarters ended\n(in thousands of dollars except\n earnings per share)\n-------------------------------------------------------------------------\n June 28, 2008 June 30, 2007\n (unaudited) (unaudited)\n-------------------------------------------------------------------------\nNet sales $128,690 $102,889\n-------------------------------------------------------------------------\nOperating income $ 11,188 $ 8,115\n-------------------------------------------------------------------------\nEarnings before income taxes $ 11,326 $ 7,654\n-------------------------------------------------------------------------\nNet earnings $ 9,291 $ 5,298\n-------------------------------------------------------------------------\nEarnings per share $ 1.39 $ 0.79\n-------------------------------------------------------------------------\n\nNote: These are financial highlights only. Management's Discussion and\nAnalysis, the unaudited consolidated financial statements and notes\nthereto of Lassonde Industries Inc. for the quarter ended June 28, 2008\nwill be available on the SEDAR website at www.sedar.com and on the\nwebsite of Lassonde Industries Inc.\n\nFinancial results:\n------------------\n\nIn the second quarter of 2008, net sales totalled $128.7 million, up 25.1%\nover the net sales posted in the second quarter of 2007. The increase owes to\na combination of two factors, namely the higher business volume experienced in\nmost of the Company's sales territories and an approximate $14 million\ncontribution from the two acquisitions made by Lassonde Industries Inc. at the\nend of 2007. For the first six months of 2008, net sales totalled $247.2\nmillion, a 30.1% increase over the net sales recorded in the first six mont...

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