Saputo Inc. reported a profit of $142 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.
Saputo reports $142M Q1 profit, revenue up nearly 10% from year ago
Saputo Inc. reported a profit of $142 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago. A sign at a Montreal Saputo plant is shown on Jan.13, 2014. THE CANADIAN PRESS/Ryan Remiorz

Saputo Inc. reported a profit of $142 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.

The cheese and dairy company says the profit amounted to 33 cents per diluted share for the quarter ended June 30 compared with a profit of $141 million or 33 cents per diluted share a year earlier.

Revenue totalled $4.61 billion for what was the first quarter of the company’s 2025 financial year, up from $4.21 billion in the same quarter last year.

On an adjusted basis, Saputo says it earned 39 cents per diluted share for its latest quarter compared with an adjusted profit of 36 cents per diluted share a year earlier.

Saputo chair and CEO Lino Saputo says the company remains optimistic heading into the balance of the year as it continues to make progress on its strategic plan.

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The price for the butter so essential to the pastries has shot up in recent months, by 25% since September alone, Delmontel says.

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