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BRIEF-Lassonde Industries Sees FY 2018 Sales Of C$1.594 Billion

Published 2019-02-15, 06:16 p/m
© Reuters.  BRIEF-Lassonde Industries Sees FY 2018 Sales Of C$1.594 Billion
LASa
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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"

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