date:Jun 07, 2012
C$12.6 million. Sales fell 5% to C$134 million from C$141.3 million.
Saputo said the C$125 million writedown reflects stagnating market growth for snack cake sales, including the companys Jos. Louis, May West, Passion Flake and Ah Caramel brands.
EBITDA in the companys Canadian, European and Argentine dairy products sector increased 4% to C$514.8 million compared with fiscal year 2011. EBITDA for the U.S. dairy products sector increased 8% to C$303.4 million.
Looking ahead to fiscal 2013, Saput