Canadian juice-to-boullion maker Lassonde Industries has posted an increase in third-quarter sales and profits, as increased trade spending boosted the group’s market share.
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The group earned C$7.2m (US$6.8m) in the quarter, up 20.8% from the comparable period of last year when profits totalled C$6m.
Revenue edged up to C$127.5m, up from C$124.4,m.
“The growth in net sales mainly reflects increased market share, partly offset by higher trade spending,” Lassonde said.
Looking to the full year, the group said that while the economic outlook “appears to be improving”, lower commodity costs have resulted in “downward pressure” on net selling prices.
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By GlobalDataNevertheless, chairman and chief executive Pierre-Paul Lassonde said: “We feel that we will be able to keep net sales in the last quarter of 2009 at a comparable level to that of the last three months of 2008.”
