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Dairy giant Saputo reports net earnings of $139-million

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Saputo says it expects continued inflation pressures ahead on both product inputs and on logistic costs

says it had net earnings of $139 million for the quarter ended June 30, up from $53 million for the same quarter last year.

Saputo says in a statement that the company could see improved margins as input costs stabilize and efficiencies and “price realization” continue. Adjusted net income came in at $161 million, or 39 cents per share, up from $122 million, or 30 cents per share.

 

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There us obvious price rigging and gauging going on between the major food corps. But our elected officials are friends with em

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