Thursday, April 30, 2015

Maple Leaf’s turning the corner

Maple Leaf Foods Inc. cut its first-quarter losses from $124.6 million a year ago to $2.8 million this year.

It has also closed the last of the plants that are involved in consolidation to its new facility in Hamilton.

Sales hit $780 million, a 9.7 per cent increase from last year.

The hog production business posted a profit of $2.5 million, much better than the $346,000 loss last year. It made a profit even though sales declined from $5.9 to $3.5 million.