It also said it is having second thoughts about a planned production facility in China. Construction is underway.
Chief executive officer Ethan Brown said revenues will dive by about 31 per cent from the first quarter to about $75 million, leading to a loss of $7 to $8 million ccmpared with a profit of $2.3 million in the second quarter.
Maple Leaf Foods said when it released its quarterly report this week that it lost $2.2 million, has trimmed costs in its plant proteins business, and that sales declined by 16.4 per cent to $36.4 million compared with $43 million the same quarter last year.
