Brief: Lassonde Industries Q4 Earnings Per Share C$2.26

Lassonde Industries

29/03/2019 17:08

March 29 (Reuters) - Lassonde Industries Inc  LASa.TO :
    * LASSONDE INDUSTRIES INC. ANNOUNCES ITS RESULTS FOR THE
FOURTH
QUARTER AND FISCAL 2018
    * Q4 EARNINGS PER SHARE C$2.26
    * Q4 SALES ROSE 6 PERCENT TO C$426.8 MILLION
    * COMPANY EXPECTS THAT, FOR 2019, ITS CONSOLIDATED ANNUAL
SALES
GROWTH RATE WILL BE SLIGHTLY ABOVE THAT OF 2018
    * COMPANY EXPECTS ITS USE OF INVESTING CASH FLOWS TO BE
HIGHER IN
2019 THAN AVERAGE OF PAST FIVE YEARS
    * COMPANY BELIEVES THAT ITS USE OF INVESTING CASH FLOWS
COULD
REACH BETWEEN $45 MILLION AND $55 MILLION IN 2019
    * NOTED THAT, IN U.S. MARKET, INDUSTRY VOLUMES FOR FRUIT
JUICE &
DRINKS MARKET WERE DOWN SLIGHTLY FOR 12-MONTHS ENDED DEC. 31,
2018
    * HIGH COSTS FOR RESIN AND OTHER RAW MATERIALS PURCHASED IN
Q4
WILL HAVE AN UNFAVOURABLE IMPACT ON COST OF SALES IN Q1 OF 2019

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

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