Saputo reported web earnings of $141 million in its first quarter, up from $139 million throughout the identical quarter final 12 months.
The Montreal-based firm says revenues for the quarter ended June 30 had been $4.2 billion, down from $4.3 billion final 12 months.
Earnings per diluted share had been 33 cents, unchanged from a 12 months earlier.
The corporate says its first-quarter efficiency mirrored partly the optimistic results of earlier pricing initiatives amid softer international demand for dairy merchandise weighing on gross sales volumes.
Saputo says it expects inflation on its general enter prices to average all through the monetary 12 months however stay elevated.
It says it has quite a few initiatives underway geared toward enhancing industrial capabilities, enhancing value construction and optimizing the corporate’s community.