Saputo blames falling US cheese price for Q1 profits drop
date:Aug 02, 2012
putos Canadian and Argentinian business and the overall result of the firms CEA (Canada, Europe, Argentina) Dairy Products Sector.

The firms CEA (Canada, Europe, and Argentina) Dairy Products Sector recorded revenue of CAD$1.025bn for the quarter an increase on the CAD$970.3m recorded in FY 2012. EBITDA hit CAD$127.8m an increase on the CAD$125.3 recorded in Q1 FY 2012.

CEA results offset the US dairy division, which recorded a drop of more than CAD$8m on the CAD$80.8m EBITDA recorded in Q1
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