Canadian food group Maple Leaf Foods said lower restructuring costs helped boost profits in its full-year.
In the six months to the end of December, earnings were up 40.5% to C$122.7m (US$119.3m), the company reported today (26 February). EBTIDA reached C$242.3m from C$182.5m last year.
President and CEO Michael McCain said the results "reflect steady, ongoing progress in realizing earnings growth."
Sales, however dropped slightly, by 0.6% to C$4.86bn as a result of lower volumes.
Source:
http://www.just-food.com/news/lower-costs-boost-maple-leaf-fy_id122310.aspx
