date:Feb 09, 2014
lled $144.1m, an in of 10.8%, while EBITDA jumped 22.4% to $47.5m. The contribution Morningstar made to profits more than offset higher ingredients and operational costs that dented profitability in the group's Canadian operating unit.
TD Securities MD Michael Van Aelst said that the result was decent but highlighted the challenges facing the North American dairy sector.
In contrast, Van Aelst said Saputo's international earnings performance was very strong. The group booked a 175% increase i