Business
Results for the third quarter of 2008 - Lassonde Industries Inc. maintains its growth
ROUGEMONT, QC, Nov. 7 /CNW Telbec/ - Lassonde Industries Inc. (LAS.A - TSX) announced today that ...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\nROUGEMONT, QC, Nov. 7 /CNW Telbec/ - Lassonde Industries Inc. (LAS.A -\nTSX) announced today that it continues to grow, reporting higher net sales,\noperating income and net earnings in the third quarter of 2008 compared to the\nsame period of 2007.\n\n\n"Despite adverse economic conditions and their impact on our operating\ncosts, Lassonde Industries Inc. has met its business objectives and maintained\na healthy rate of growth" said Mr. Pierre-Paul Lassonde, Chairman of the Board\nand CEO.\n\n\nFinancial highlights:\n---------------------\n\n-------------------------------------------------------------------------\nFinancial highlights Third quarters ended\n(in thousands of dollars except basic\n and diluted earnings per share)\n-------------------------------------------------------------------------\n Sept. 27, 2008 Sept. 29, 2007\n (unaudited) (unaudited)\n-------------------------------------------------------------------------\nNet sales $124,943 $98,160\n-------------------------------------------------------------------------\nOperating income $10,216 $9,458\n-------------------------------------------------------------------------\nEarnings before income taxes $9,421 $8,946\n-------------------------------------------------------------------------\nNet earnings $6,421 $5,982\n-------------------------------------------------------------------------\nBasic and diluted earnings per share $0.96 $0.89\n-------------------------------------------------------------------------\n\n\nNote: These are financial highlights only. Management's Discussion and\n\n\nAnalysis, the unaudited consolidated financial statements and notes\n\n\nthereto of Lassonde Industries Inc. for the quarter ended September 27,\n\n\n2008 will be available on the SEDAR website at www.sedar.com and on the\n\n\nwebsite of Lassonde Industries Inc.\n\n\nFinancial results:\n\n\n------------------\n\n\nFor the third quarter ended September 27, 2008, Lassonde Industries Inc.\nrecorded net sales of $124.9 million, a 27.3% increase over the net sales of\n$98.2 million recorded during the same quarter in 2007. More than half (51%)\nof the increase comes from the net sales of the two acquisitions completed at\nthe end of 2007, with the remaining increase coming from sustained market\nshare growth of the Company's main product lines in most territori...