Saputo Inc. Report Net Earnings Up by $130 Million for Q3 2012

Net earnings for the quarter totalled $129.8 million, an increase of $17.7 million or 15.8% compared to $112.1 million for the same quarter last fiscal year.

Feb 8 2012 --- Saputo Inc. reported its financial results for the third quarter of fiscal 2012, which ended on December 31, 2011. All amounts in this news release are in Canadian dollars, unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS).

• Net earnings for the quarter totalled $129.8 million, an increase of $17.7 million or 15.8% compared to $112.1 million for the same quarter last fiscal year.

• Earnings before interest, income taxes, depreciation and amortization (EBITDA) amounted to $207.3 million, an increase of $16.2 million or 8.5% in comparison to $191.1 million for the same quarter last fiscal year.

• Revenues for the quarter amounted to $1.796 billion, an increase of $261.7 million or 17.1% in comparison to $1.535 billion for the corresponding quarter last fiscal year.

• Basic earnings per share (EPS) and diluted EPS were $0.64 for the quarter, as compared to basic EPS of $0.55 and diluted EPS of $0.54 for the corresponding quarter last fiscal year.