February 26, 2013 / 1:30 PM / 4 years ago

CORRECTED-Maple Leaf Foods profit jumps on lower costs

1 Min Read

(Corrects second paragraph to show net earnings per share at 39 Canadian cents, not 38 Canadian cents)

Feb 26 (Reuters) - Maple Leaf Foods Inc, one of Canada's biggest bakers and meat processors, reported a jump in quarterly profit on lower costs.

The company's net earnings rose to C$56.8 million, or 39 Canadian cents per share, in the fourth quarter from C$9.2 million, or 6 Canadian cents per share, a year earlier.

The Toronto-based company, known for its Maple Leaf branded meats and Dempster's bread, said sales fell 3 percent to C$1.2 billion. (Reporting by Shounak Dasgupta in Bangalore; Editing by Joyjeet Das)

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