date:Feb 27, 2013
y in the first half of 2013. As a result, we expect some short-term volatility in our earnings as we pass those cost increases on in the marketplace. Beyond this, our strategic initiatives will accelerate in 2013 and contribute to continued margin growth.
In the fourth quarter, net income was C$56,844,000 ($55,400,000), or C$0.39 (38c) per share, up sharply from C$9,195,000, or C$0.06 per share, in the fourth quarter of last year. Sales were C$1,204,777,000 ($1,175 million), down 3.2% from $1,