La Co-operative de Pointe-aux-Roches

La Co-operative de Pointe-aux-Roches

January 24, 2006 17:06 ET

Members of La Co-operative de Pointe-aux-Roches Hear Positive Results at 57th Annual Meeting

STONEY POINT, ONTARIO--(CCNMatthews - Jan. 24, 2006) - Improved earnings in tough economic times, was the key message given to members attending La Co-operative de Pointe-aux-Roches's 57th Annual Meeting in Woodslee last week.

Charles Desmarais, the co-operative's general manager, reviewed the operational highlights for fiscal 2005 and commented that the improved, before tax profit of $155,601 on sales of over $53 million, was a result of many positive factors, including the co-operative's ability to control expenses and its key relationships with partnering co-ops. "This allowed us to purchase and maximize marketing advantages," says Desmarais.

The co-operative's Board President John Sauve, reported on the past year's improvements of facilities and equipment while staying within budget. Sauve also spoke about the very successful debenture program that raised more than $950,000. "The financial support from our members in these difficult economics times is symbolic of the strength and support of our co-operative's farmer-owners," says Sauve.

La Co-operative de Pointe-aux-Roches is a 100 per cent farmer owned grain marketing and farm input supply company, serving producers in Essex and Kent counties. It is also a leader in precision farming technology, agronomy and petroleum services. It operates facilities in Stoney Point, RochesterTownship, Comber, Cottam, McGregor, Belle River, Leamington and Dover. The co-operative is part owner of Great Lakes Grain Inc., a grain merchandising company, and Wheatley Elevators specializing in Identity Preserved grain markets. La Co-operative de Pointe-aux-Roches is a shareholder of GROWMARK, Inc. and markets products and services under the FS banner.

Contact Information

  • La Co-operative de Pointe-aux-Roches
    Charles Desmarais, general manager
    (519) 798-3011
    RR#1, Stoney Point, Ontario NOR-1NO