Lower international selling prices combined with higher raw material costs have hit Saputo's profits for the first six months of its financial year.

For the half year ended 30 September,net earnings fell to C$285m (US$214.7m) compared with C$301m for the same period a year earlier. Adjusted for ome-off items, net earnings came in at C$286.7m.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

EBITDA fell to C$538.1m compared with C$551.1m. Saputo said it was faced with lower international selling prices of cheese and dairy ingredients while raw material costs did not see the same decline, negatively affecting EBITDA.

Sales, however, were up on higher volumes sold in all sectors. Sales increased to $5.4bn from $5.3bn.

For the second quarter, net income fell to C$148.6m from C$155.7m. When adjusted, earnings came in at C$149.7m.

See Also:

EBITDA fell to C$280m from C$282.2m again for the same reasons regarding lower selling prices of cheese and dairy ingredients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sales rose 3.4% to C$2.8bn.