Saputo blames falling US cheese price for Q1 profits drop
date:Aug 02, 2012
In its financial results for the period 1 April 2012 to 30 June 2012, the Montreal-based company reported consolidated revenue of CAD$1.698bn - an increase of CAD$59.3m (3.6%) on Q1 FY 2012.

However, earnings before interest, income taxes, depreciation and amortization (EBITDA) suffered a 3.1% decrease on Q1 FY 2012 results dropping by CAD$6.6m to CAD$203m.

In the US, the average price per pound of cheese decreased fell by US$0.20 from $1.736 in Q1 2012 to $1.539 in Q1 2013. This and otherunf
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