Market News

Lassonde Industries Announces Q2 Results

For the quarter ending July 2, 2005, Lassonde Industries Inc.'s net sales totaled $85 million, up 32% over net sales of $64.4 million recorded for the second quarter of 2004. At $158.3 million for the first six-month period of 2005, net sales were 27.5% higher than the results in 2004 for the same period. Operating income was $7.9 million for the quarter compared with $4.9 million for the same quarter the previous year, an increase of 61.5%. Operating income for the six-month period in 2005, meanwhile, was $13 million. That compares with $9.2 million for the same period in the previous year, an increase of 41.9%. Source: Canadian Grocer E-Newsletter, Sept.2nd.,2005.