MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported a third-quarter income of $17.7 million in distinction with a scarcity of $4.3 million within the equivalent quarter ultimate 12 months.
The agency says the income amounted to 14 cents per share for the quarter ended Sept. 30 in distinction with a scarcity of 4 cents per share a 12 months earlier.
Sales for the quarter totalled $1.26 billion, up from $1.24 billion a 12 months prior to now.
On an adjusted basis, Maple Leaf says it earned 18 cents per share in its latest quarter in distinction with an adjusted income of 13 cents per share within the equivalent quarter ultimate 12 months.
Maple Leaf, which is working to spin off its pork enterprise right into a model new, publicly traded agency to be known as Canada Packers Inc., moreover says it has acknowledged a way to implement the plan by the use of a tax-free “butterfly reorganization.”
The agency says it continues to rely on to complete the transaction subsequent 12 months, nonetheless the spinoff beneath the model new development is subject to an advance tax ruling from the Canada Revenue Agency and may take longer than first anticipated.
This report by The Canadian Press was first revealed Nov. 13, 2024.
Companies on this story: (TSX:MFI)
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