Canadian dairy giant Saputo has booked higher first-quarter profits thanks to the contribution from recent acquisitions.

For the three months to 30 June, Saputo saw net income increase to C$145.3m (US$133.3m), up from C$136.7m in the comparable period of last year. Operating profit increased to C$268.9m, from C$242.1m, the company revealed.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Gains were driven by a jump in revenue, which rose by around one-fifth to C$2.6bn. The top line increase was underpinned by Saputo’s recent acquisitions, which have included taking majority control in Warrnambool Cheese and Butter Factory in Australia and the fluid-milk business of Scotsburn Cooperative Services in Canada.

Click here for analysis of Saputo’s M&A ambitions.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now