June 5, 2013 / 4:28 PM / 4 years ago

Shares of Canada dairy producer Saputo drop as results disappoint

June 5 (Reuters) - Shares of Canada’s largest dairy producer Saputo Inc fell 2 percent on Wednesday after the company reported lower-than-expected quarterly profit.

Net income rose to C$100.5 million ($97.6 million), or 51 Canadian cents a share, in the fourth quarter, compared to a net loss a year earlier due to a goodwill impairment charge. Revenue grew by one-fifth to C$2.05 billion.

$1=$1.03 Canadian Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Bernadette Baum

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below