date:Aug 01, 2012
Net income during the same period of the previous year was C$126.6 million, or C$0.62 per share. The company said the earnings decline was due to unfavorable market factors of approximately $14 million in the United States and an inventory write-down in its Argentinean business unit.
Sales during the first quarter were C$1,698.3 million ($1,694.22 million), which compared with C$1,639 million during the first quarter of 2012.
Saputo said a better dairy ingredients product mix and the impact of