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Company News

Maple Leaf Foods posts 18 pct rise in profit

Oct 26 (Reuters) - Canadian meat-packaging company Maple Leaf Foods Inc reported an 18.2 percent rise in quarterly profit, helped by higher sales in its prepared meats business.

The company’s net earnings rose to C$37.6 million ($29.4 million), or 29 Canadian cents per share, in the third quarter ended Sept. 30, from C$31.8 million, or 23 Canadian cents per share, a year earlier.

Maple Leaf, which is one of Canada’s biggest pork processors, said sales rose 6.6 percent to C$908.4 million. ($1 = C$1.28) (Reporting by John Benny in Bengaluru; Editing by Maju Samuel)

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