Maple Leaf reports $50.1M Q1 profit, sales up 11 per cent compared with year ago - News Summed Up

Maple Leaf reports $50.1M Q1 profit, sales up 11 per cent compared with year ago


- Maple Leaf Foods Inc. reported a first-quarter profit of $50.1 million, up from $27.9 million a year ago, as its revenue grew 11 per cent. A Maple Leaf Foods employee walks past a Maple Leaf sign at the company's meat facility in Toronto in 2008. Maple Leaf Foods Inc. reported a first-quarter profit of $50.1 million, up from $27.9 million a year ago, as its revenue grew 11 per cent. On an adjusted basis, Maple Leaf says it earned 20 cents per share for the quarter, down from an adjusted profit of 29 cents per share a year ago. Analysts on average had expected a profit of 31 cents per share and $890.8 million in revenue, according to Thomson Reuters Eikon.


Source: thestar May 02, 2019 11:03 UTC



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