CANADA: Loblaw boosts George Weston Q2 profit
Canadian food processor and distributor George Weston has posted higher second-quarter profit, boosted by the strong performance by its Loblaw grocery retailer. The Toronto-based company reported earnings of C$193m (US$138.0m), or $1.42 a share, for the quarter to 30 June, compared with $161m, or $1.17 a share, for the year-ago period.
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