Maple Leaf Foods Inc. profits soared by 31.8 per cent for
the third quarter this year, rising to $37.6 million.
President Michael McCain said that was achieved even though
margins were squeezed by higher input costs.
Sales increased by 6.5 per cent to $908.4 million.
The company has become consistently profitable since it
closed most of its small and scattered meat-processing facilities to
concentrate operations at a new plant at Hamilton.
The former J.M. Schneider plant in downtown Kitchener was
sold this fall for an undisclosed price.
The purchaser intends to develop the large acreage for
residential and office buildings.
