Business
Release of Results for the 4th Quarter and Fiscal 2007: Lassonde Industries Inc. Achieves 2007 Business Objectives
ROUGEMONT, QC, March 27 /CNW Telbec/ - Lassonde Industries Inc. (LAS.A - TSX) today reported grow...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\nROUGEMONT, QC, March 27 /CNW Telbec/ - Lassonde Industries Inc.\n(LAS.A - TSX) today reported growth in net sales, net earnings and cash flows\nfor the fourth quarter of 2007 as well as for the whole fiscal year ended\nDecember 31, 2007.\n\n\nSome key financial highlights are presented below:\n\n\n-------------------------------------------------------------------------\nKey Financial Highlights\n(in thousands of dollars Quarters ended Years ended\nexcept earnings per share) December 31 December 31\n-------------------------------------------------------------------------\n 2007 2006 2007 2006\n (unaudited) (unaudited) (audited) (audited)\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\nNet sales $ 112,748 $ 91,839 $ 400,988 $ 353,318\n-------------------------------------------------------------------------\nOperating income(1) $ 13,294 $ 6,450 $ 35,438 $ 26,704\n-------------------------------------------------------------------------\nEarnings before\n income taxes $ 12,404 $ 6,014 $ 33,045 $ 24,504\n-------------------------------------------------------------------------\nNet earnings $ 9,329 $ 3,933 $ 23,331 $ 13,748\n-------------------------------------------------------------------------\nEarnings per share $ 1.40 $ 0.58 $ 3.49 $ 2.02\n-------------------------------------------------------------------------\nTotal assets $ 285,484 $ 224,764 $ 285,484 $ 224,764\n-------------------------------------------------------------------------\nCash flows from operating\n activities $ 13,496 $ 8,189 $ 40,177 $ 25,048\n-------------------------------------------------------------------------\nShareholders' equity $ 141,928 $ 124,574 $ 141,928 $ 124,574\n-------------------------------------------------------------------------\nShareholders'\n equity/total assets 49.7% 55.4% 49.7% 55.4%\n-------------------------------------------------------------------------\n(1) The figures from the preceding year have been reclassified to conform\n to the presentation of this year's data.\n\nNote to financial highlights: These are financial highlights only.\nManagement's Discussion and Analysis and the audited consolidated\nfinancial statements and notes thereto of Lassonde Industries Inc. for\nthe year ended December 31, 2007 will be ...