date:Feb 09, 2014
Canadian dairy major Saputo has booked an increase in third-quarter sales and earnings, boosted by its acquisition of Morningstar Foods and a strong performance from the group's international businesses.
The company said that net revenue rose 30% to C$2.34bn (US$2.21bn) in the three month period. Top line gains were driven by the contribution of former Dean Foods unit Morningstar, which Saputo renamed Saputo Dairy Foods USA following its acquisition of the business last year.
Net earnings tota