CANADA: Weston reports Q4 profit slump but full-year rise
Canadian baker and owner of the Loblaw grocery chain George Weston has reported Q4 profits down 4% to C$231m (US$151.1m) during the three months ended 5 January, down from $240m during the same period of the previous year. A rise in expenses and a wider loss in the fisheries division were blamed for the disappointing quarterly profits. Sales performed well during the quarter, rising 7% to $6.6bn compared with $6.2bn during the year-ago period.
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