Advertisement
Canada markets close in 4 hours 30 minutes

  • S&P/TSX

    21,784.97
    -88.75 (-0.41%)
     

  • S&P 500

    5,012.33
    -59.30 (-1.17%)
     

  • DOW

    37,874.83
    -586.09 (-1.52%)
     

  • CAD/USD

    0.7300
    +0.0003 (+0.04%)
     

  • CRUDE OIL

    82.22
    -0.59 (-0.71%)
     

  • Bitcoin CAD

    87,182.88
    -1,644.49 (-1.85%)
     

  • CMC Crypto 200

    1,374.28
    -8.30 (-0.60%)
     

  • GOLD FUTURES

    2,343.10
    +4.70 (+0.20%)
     

  • RUSSELL 2000

    1,966.86
    -28.57 (-1.43%)
     

  • 10-Yr Bond

    4.7080
    +0.0560 (+1.20%)
     

  • NASDAQ

    15,465.14
    -247.61 (-1.58%)
     

  • VOLATILITY

    16.95
    +0.98 (+6.13%)
     

  • FTSE

    8,078.72
    +38.34 (+0.48%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6810
    -0.0009 (-0.13%)
     
BREAKING:

HONDA TO SET UP $15B EV PRODUCTION BASE IN CANADA

Automaker to get up to $5B in government assistance for EV battery, assembly plants

Canadian dairy Saputo posts bigger-than-expected quarterly profit

Reuters

(Reuters) - Saputo Inc (Toronto:SAP.TO - News), one of Canada's largest dairy producers, reported a 29 percent jump in quarterly earnings on Thursday, more than expected.

For its fiscal second quarter, net income rose to C$191.8 million, or 48 Canadian cents a share, from C$148.6 million, or 37 Canadian cents, a year earlier.

Revenue during the quarter, which ended Sept. 30, rose 1.9 percent to C$2.8 billion, in line with expectations.

Analysts were expecting Saputo to earn 45 Canadian cents per share, according to Thomson Reuters I/B/E/S.

Saputo's shares eased 0.2 percent to C$47.65 in Toronto.

The Montreal-based company, whose brands include Dairyland milk and Armstrong cheese, is among the top cheese producers in the United States and also has significant operations in Argentina and Australia.

(By Rod Nickel in Winnipeg, Manitoba; Editing by James Dalgleish)