Maple Leaf Foods Inc. continues to lose money while it runs
both old and new meat-processing plants until the transition to Hamilton has
been completed.
The operating losses in the third quarter this year are
$19.8 million compared with $26.7 million for the same quarter last year.
For the first nine months, the losses this year total $190.8
million compared with $93.5 million last year.
Revenues increased by 8.2 per cent, mainly because the
company was able to increase prices just before pork costs began to decline.
Sales volumes declined, but company president Michael McCain
said he believes that is temporary.
