The Financial Post reports in its Saturday edition that Saputo earned $92-million in its fourth quarter, down from $159-million a year earlier. A Canadian Press dispatch to the Post says that the Montreal-based dairy processor says revenues for the quarter ended March 31 were $4.55-billion, up slightly from $4.47-billion during the same quarter last year. Diluted earnings per share were 22 cents, down from 38 cents a year earlier. President and chief executive officer Lino Saputo says the company stayed its course amid commodity price volatility, a challenged consumer and inflationary pressures. He says Saputo is increasing commercial production at several facilities after completing most of the major capital projects in the firm's strategic plan. Earlier this year, the company announced that Mr. Saputo will transition to the role of executive chair of the board effective Aug. 9. Saputo closed Friday at $29.84, up $1.89 on the Toronto Stock Exchange.