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Maple Leaf Foods reports larger quarterly loss
date:May 05, 2014
Canadian food processor Maple Leaf Foods Inc reported a larger quarterly net loss on Thursday, due to higher costs and restructuring charges.

Maple Leaf is carrying out a multi-year program to upgrade its meat operations while shutting some plants, as it seeks to boost profits and better compete with U.S. rivals.

Its net loss for the first quarter rose to C$132 million ($120.3 million), or 95 Canadian cents per share, from C$14.7 million, or 11 Canadian cents, a year ago.

Total sales for the

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