Maple Leaf Foods Inc. reports sales of $820.8 million for
the second quarter; after accounting for currency exchange; that was a decline
of 2.6 per cent from the same time last year.
Volume was up, but prices were down.
Losses totaled $7.5 million, a big improvement from last
year when losses were $39.5 million. The company booked $7.3 million worth of
restructuring costs.
It has now closed all of its old plants and has moved most
meat processing operations to its new plant at Hamilton.
President and chief executive officer Michael McCain said he’s
pleased with the second-quarter results.
Buy investors must be getting frustrated after years of steady losses.
