Brief: Lassonde Industries Q1 Earnings Per Share C$2.08

Lassonde Industries

09/05/2018 19:23

May 9 (Reuters) - Lassonde Industries Inc  LASa.TO :
    * LASSONDE INDUSTRIES INC ANNOUNCES ITS Q1 2018 RESULTS
    * Q1 EARNINGS PER SHARE C$2.08
    * Q1 SALES FELL 3.5 PERCENT TO C$357.7 MILLION
    * LASSONDE INDUSTRIES - EXPECTS USE OF INVESTING CASH FLOWS
FOR
CAPITAL ASSETS TO BE SIGNIFICANTLY HIGHER IN 2018 THAN AVERAGE
OF PAST 5 YRS
    * LASSONDE INDUSTRIES - BELIEVES MOST OF CASH OUTFLOWS IN
2018
WILL AFFECT LAST 2 QUARTERS OF 2018, AS 2 MAJOR INVESTMENT
PROJECTS WILL BE UNDERTAKEN
    * LASSONDE INDUSTRIES - BELIEVES ITS USE OF INVESTING CASH
FLOWS
FOR CAPITAL ASSETS COULD REACH BETWEEN $55 MILLION AND $65
MILLION IN 2018
    * BELIEVES USE OF INVESTING CASH FLOWS FOR CAPITAL ASSETS
COULD
REACH BETWEEN $55 MILLION AND $65 MILLION IN 2018
    * DISBURSEMENTS WILL NOT HAVE AN IMMEDIATE IMPACT ON CO'S
PROFIT
FOR 2018 AND WILL SOLELY AFFECT ITS CASH FLOWS
    * LASSONDE INDUSTRIES -  DOES NOT SEE SIGNS OF LOW INDUSTRY
VOLUMES FOR U.S., CANADIAN FRUIT JUICE AND DRINKS MARKET
REVERSING IN NEXT 3 QTRS OF 2018

Source text for Eikon:  ID:nCNWNx5T2a 
Further company coverage:  LASa.TO 

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