Montreal-based Saputo, Canada’s biggest cheese maker, said it earned C$69.2m, or 33 Canadian cents a share for the fourth quarter ended 31 March 31. That was down from C$75.2m, or 36 Canadian cents a share, from a year earlier.
However, the company said revenue grew 15% to C$1.46bn, helped by its dairy products division, which benefited from the 2008 purchase of Neilson Dairy and higher milk prices.
Source: Saputo
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