Canadian dairy producer Saputo Inc. reported higher profits and revenue on Tuesday, helped by improved efficiency and last Marchâ€™s acquisition of Wisconsinâ€™s DCI Cheese Co.
Net earnings for the quarter ended Dec. 31 rose to $129.8-million or 64 cents a share, from $112.1-million, or 54 cents, a year earlier. Revenue rose 17.1% to $1.80-billion.
Shares rose 0.83% at $41.26 on Tuesday afternoon on the Toronto Stock Exchange.
Source: Financial Post (Canada)/Reuters (2/7)
Posted on Thursday, February 09, 2012 (Archive on Thursday, February 16, 2012)
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