Food Industry
Industry: Email Alert RSS FeedMaple Leaf Foods Posts 2nd Qtr C$1.7 Mln Loss.(Financial report)
Resource News International, July, 2007
Byline: Resource News International
WINNIPEG, MB, Jul 27, 2007 (Resource News International via COMTEX) -- Maple Leaf Foods Inc., Friday reported a net loss of C$1.671 million or $0.05 per basic share during the second quarter ended June 30, 2007. This compares with net earnings of C$21.186 million or $0.12 per basic share during the same quarter a year ago.
"We are very pleased with our performance in the second quarter from both an operating and a strategic perspective," said Michael McCain, President and CEO in a prepared statement. "Our primary focus is the strategic transformation of the business to a focused, value-added meat, meals and bakery company, and we made excellent progress during the quarter."
He said Maple Leaf finalized the...
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