date:Aug 01, 2012
The decline was mainly due to the accrual of a multi-employer pension plan withdrawal liability of C$35 million. Adjusted operating income, meanwhile, was flat at C$65 million ($64.8 million).
Net sales were C$400 million ($398.8 million), down 2% from C$407 million a year ago.
For the first six months of fiscal 2012, operating income for Weston Foods was C$72 million, down from C$74 million, while sales moved up narrowly to C$825 million from C$817 million.
George Weston said fresh bakery sa