Thursday, April 27, 2017

Maple Leaf profit plunges

Maple Leaf Foods Inc. reports a 29 per cent decline in profits from $42 to $30 million for its first quarter.

Sales increased by 1.8 per cent from $796 to $811 million.

The company did not, as has been its usual practice, break down financial results by divisions, so it has not disclosed whether it made or lost money on its hog-farming operations and pork-slaughter plant in Manitoba.