Canadian drink and speciality food group Lassonde Industries said it managed to deliver profit growth in the first-quarter, despite sales volume declines across the industry.
Earnings increased 3% in the three months to the end of March, reaching C$5.8m (US$5.7m), the company reported today.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Operating profit climbed 4.3% to C$13.8m, mainly due to additional margins generated by sales growth.
Sales in the period totalled C$240.6m, 3.1% on last year, primarily driven by higher private label sales and higher sales volumes for national brands.
