Brief: Lassonde Industries Sees FY 2018 Sales Of C$1.594 Billion

Lassonde Industries

15/02/2019 23:16

Feb 15 (Reuters) - Lassonde Industries Inc  LASa.TO :
    * ANNOUNCES ITS PRELIMINARY UNAUDITED RESULTS FOR THE FOURTH
QUARTER AND FISCAL YEAR ENDED DECEMBER 31, 2018
    * SEES FY 2018 SALES C$1.594 BILLION
    * SEES Q4 2018 SALES C$425 MILLION
    * SEES Q4 2018 SALES UP 6 PERCENT
    * LASSONDE INDUSTRIES - OPERATING PROFIT IS EXPECTED TO
TOTAL
ABOUT $105 MILLION IN FISCAL 2018, DOWN BY ABOUT $28 MILLION
FROM $133.3 MILLION IN FISCAL 2017
    * OPERATING PROFIT SHOULD TOTAL ABOUT $25 MILLION IN Q4 OF
2018,
DOWN BY ABOUT $17 MILLION FROM $42.2 MILLION IN Q4 OF FISCAL
2017
    * WORKING TO COUNTER IMPACTS OF HIGHER INPUT COSTS
    * LASSONDE INDUSTRIES - FOR FISCAL 2018, PROFIT ATTRIBUTABLE
TO
CO'S SHAREHOLDERS EXPECTED TO BE ABOUT $66 MILLION
    * "WILL MAKE NECESSARY ADJUSTMENTS TO OUR BUSINESS MODEL TO
RESPOND TO DISRUPTIONS IN OUR U.S. MARKET"

Source text for Eikon:  ID:nCNWr74Rla 
Further company coverage:  LASa.TO 

 ((Reuters.Briefs@thomsonreuters.com;))