Saputo Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was CAD 4,267 million compared to CAD 4,587 million a year ago. Net loss was CAD 124 million compared to net income of CAD 179 million a year ago. Basic loss per share from continuing operations was CAD 0.29 compared to basic earnings per share from continuing operations of CAD 0.43 a year ago. Diluted loss per share from continuing operations was CAD 0.29 compared to diluted earnings per share from continuing operations of CAD 0.43 a year ago.
For the nine months, sales was CAD 12,797 million compared to CAD 13,375 million a year ago. Net income was CAD 173 million compared to CAD 463 million a year ago. Basic earnings per share from continuing operations was CAD 0.41 compared to CAD 1.11 a year ago. Diluted earnings per share from continuing operations was CAD 0.41 compared to CAD 1.11 a year ago.