Business
Results for the fourth quarter and for fiscal 2008 - Lassonde Industries Inc. reports increases in net sales and net earnings for fiscal 2008
ROUGEMONT, QC, March 31 /CNW Telbec/ - Lassonde Industries Inc. (LAS.A - TSX) is pleased to annou...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\nROUGEMONT, QC, March 31 /CNW Telbec/ - Lassonde Industries Inc. (LAS.A -\nTSX) is pleased to announce that it is reporting growth in net sales and net\nearnings for fiscal 2008 despite deteriorating economic conditions affecting\nthe end of last year.\n\n\nThe financial highlights are shown below:\n\n-------------------------------------------------------------------------\nFinancial highlights\n(in thousands of\n dollars except Quarters ended Years ended\n basic and diluted December 31 December 31\n earnings per share)\n-------------------------------------------------------------------------\n 2008 2007 2008 2007\n (unaudited) (unaudited) (audited) (audited)\n-------------------------------------------------------------------------\nNet sales $133,001 $112,748 $505,149 $400,988\n-------------------------------------------------------------------------\nOperating income 10,867 13,294 41,818 35,438\n-------------------------------------------------------------------------\nEarnings before\n income taxes 10,122 12,404 39,418 33,045\n-------------------------------------------------------------------------\nNet earnings 7,557 9,329 29,055 23,331\n-------------------------------------------------------------------------\nBasic and diluted\n earnings per share 1.14 1.40 4.36 3.49\n-------------------------------------------------------------------------\nTotal assets 314,005 285,484 314,005 285,484\n-------------------------------------------------------------------------\nCash flows (used by)\n from operating\n activities (2,874) (7,470) 35,620 38,440\n-------------------------------------------------------------------------\nShareholders' equity $172,589 $141,928 $172,589 $141,928\n-------------------------------------------------------------------------\nShareholders' equity /\n total assets 55.0 % 49.7 % 55.0 % 49.7 %\n-------------------------------------------------------------------------\n\nNote to financial highlights: These are financial highlights only.\nManagement's Discussion and Analysis, the audited consolidated financial\nstatements and notes thereto of Lassonde Industries Inc. for the year\nended December 31, 2008 will be available on the SEDAR website at\nwww.sedar.com and on the website of Lassonde Industries Inc.\n\n\n"I am pleased to report that, despite a tough economic environment, our\nbusiness m...