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Categories: Corporate Results

Saputo's Quarterly Earnings Rise 37%

Source: Saputo Inc.
04/11/2009

Montreal, November 3, 2009 - We are presenting the results for the second quarter of fiscal 2010, which ended on September 30, 2009.

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• Net earnings for the quarter ended September 30, 2009 totalled $94.5 million, an increase of $25.5 million or 37.0% compared to $69.0 million for the same quarter last fiscal year.

• Earnings before interest, income taxes, depreciation and amortization (EBITDA1) amounted to $174.7 million, an increase of $44.8 million or 34.5% in comparison to $129.9 million for the same quarter last fiscal year.

• Revenues for the quarter ended September 30, 2009 amounted to $1.483 billion, an increase of $29.2 million or 2.0% in comparison to $1.454 billion for the corresponding quarter last fiscal year.

• Basic Earnings per share (EPS) was $0.46 and diluted EPS $0.45 for the quarter ended September 30, 2009, as compared to $0.34 and $0.33 respectively for the corresponding quarter last fiscal year.

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