Canadian food group Maple Leaf Foods said lower restructuring costs helped boost profits in its full-year.

In the six months to the end of December, earnings were up 40.5% to C$122.7m (US$119.3m), the company reported today (26 February). EBTIDA reached C$242.3m from C$182.5m last year.

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President and CEO Michael McCain said the results “reflect steady, ongoing progress in realizing earnings growth.”

Sales, however dropped slightly, by 0.6% to C$4.86bn as a result of lower volumes.

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