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Saputo sales slip amid ongoing pandemic headwinds, lower prices for dairy products - Medicine Hat NewsMedicine Hat News
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Saputo reports $103.1M Q4 profit, up from $88.7M a year ago, revenue down
by The Canadian Press
Last Updated Jun 3, 2021 at 12:14 pm EDT
MONTREAL Saputo Inc. reported a profit of $103.1 million in its latest quarter, up from a profit of $88.7 million in the same quarter last year, as its revenue fell 7.5 per cent.
The cheese and dairy producer says the profit amounted to 25 cents per diluted share for the quarter ended March 31, up from 22 cents per diluted share a year ago.
The company says a decrease in international cheese and dairy ingredient market prices hurt its revenues.
Revenue for what was the company’s fourth quarter totalled $3.44 billion, down from $3.72 billion in the same quarter last year.
Winnipeg Free Press By: The Canadian Press Save to Read Later
MONTREAL - Saputo Inc. reported a profit of $103.1 million in its latest quarter, up from a profit of $88.7 million in the same quarter last year, as its revenue fell 7.5 per cent.
A sign at a Montreal Saputo plant is shown on Jan.13, 2014. THE CANADIAN PRESS/Ryan Remiorz
MONTREAL - Saputo Inc. reported a profit of $103.1 million in its latest quarter, up from a profit of $88.7 million in the same quarter last year, as its revenue fell 7.5 per cent.
The cheese and dairy producer says the profit amounted to 25 cents per diluted share for the quarter ended March 31, up from 22 cents per diluted share a year ago.
Saputo reports $103 1M Q4 profit, up from $88 7M a year ago, revenue down - Medicine Hat NewsMedicine Hat News
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