By Angie Rolheiser

Agriculture Roundup for Friday November 6, 2020

Nov 6, 2020 | 1:59 PM

MELFORT, Sask. – Saputo Inc. says its net profit slipped 2.3 per cent despite a small increase in revenue in the second quarter of its fiscal year.

The Montreal-based dairy processor says it earned $170.8 million or 42 cents per diluted share for the three months ending Sept. 30, compared with $174.9 million or 44 cents per share a year earlier.

Adjusted profits dropped 7.2 per cent to $184.1 million, from $198.3 million in the second quarter of 2019.

That equalled to 45 cents per share, five cents below last year’s second quarter.

Revenues were $3.7 billion, up one per cent from $3.67 billion amid a continuing shift during the COVID-19 pandemic to retail stores from restaurants.

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An infectious disease expert at the University of Alberta said it’s shocking to hear about Canada’s first human case of a rare swine flu variant, but she expects it’s likely a one-off situation.

Dr. Lynora Saxinger, an associate professor in the department of medicine, wrote on Twitter “what fresh hell is this” when she first heard about the case in central Alberta.

She said it is bad timing for the influenza case to happen during the COVID-19 pandemic, but it’s unlikely to be a big deal if it’s only the one case.

Alberta’s Chief Medical Officer of Health, Dr. Deena Hinshaw, said the variant Influenza A H1N2 case was detected in mid-October after a patient showed up with flu-like symptoms in an emergency department.

Hinshaw said it appears to be an isolated case.

H1N2 is known to occur in pigs around the world.