23 Dec 2024

Saputo | Saputo sees earnings rise to $156 million in second quarter

Edited by: Cloe Desirée Juarez

Saputo Inc. says it earned $156 million in its second quarter, up from $145 million a year earlier.

The Montreal-based company says revenues for the quarter ended Sept. 30 were $4.3 billion, down from 4.5 billion during the same quarter last year.

Earnings per diluted share were 37 cents, up from 35 cents a year earlier.

Saputo says overall sales volumes were stable in its second quarter despite continued softening of global demand for dairy products, with higher domestic sales volumes more than offsetting lower volumes on the export side.

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