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Weston Foods reports operating profit gain
date:Nov 22, 2012
Stronger sales of biscuits, cookies and crackers offset lower revenues from bread to help Weston Foods to an 8% increase in adjusted operating income in the third-quarter ending 6 October.

Weston Foods, a division of ABF-owned George Weston Foods, said that adjusted operating profit reached $94 million. Operating profit was up 48% to C$114 million after a change in the fair value adjustment of commodity derivatives and share-based compensation net of equity derivatives.

Net sales were down 1%

12/22 16:59