CANADA: Maple Leaf Foods reports positive results for Q4, FY
Toronto-based Maple Leaf Foods Inc has announced an increase in sales for its Q4 and FY ended 31 December 2001. Sales for the Q4 increased 22% to C$1.30bn (US$0.81bn) reflecting top-line growth in all operating groups. One third of this increase related to operations that were owned throughout the year, while the remainder is due to acquisitions completed during the year. Earnings from operations for the Q4 of C$57.6m were up 121% from C$26.1m in 2000. Net earnings for the quarter increased by 96% to C$24.7m (C$0.24/share) compared to C$12.6m (C$0.12/share) in the prior year.
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