Food In Canada


Dairy Giant sees Net Earnings Soar

This morning Montreal-based dairy processor Saputo Inc. announced its earnings for fiscal 2010, which ended March 31, 2010.

Net earnings for the year were up 37.2 per cent, to $382.7 million, or $1.85 per share, compared to $278.9 million in fiscal 2009. Revenues were up a slight 0.3 per cent, to $5.811 billion, compared to $5.793 billion in fiscal 2009.

According Saputo, plans for fiscal 2011 include a continued focus on growth internally and through acquisitions, with the goal of expanding its presence in key markets.

Saputo produces, markets and distributes cheese, fluid milk, yogurt, dairy ingredients and baked goods. It is the largest dairy processor in Canada, and the 11th largest dairy processor in the world. Its products are available globally under a number of brands.