MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported a third-quarter revenue of $17.7 million in contrast with a lack of $4.3 million in the identical quarter final 12 months.
The firm says the revenue amounted to 14 cents per share for the quarter ended Sept. 30 in contrast with a lack 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 in the past.
On an adjusted foundation, Maple Leaf says it earned 18 cents per share in its newest quarter in contrast with an adjusted revenue of 13 cents per share in the identical quarter final 12 months.
Maple Leaf, which is working to spin off its pork enterprise into a brand new, publicly traded firm to be referred to as Canada Packers Inc., additionally says it has recognized a technique to implement the plan by way of a tax-free “butterfly reorganization.”
The firm says it continues to count on to finish the transaction subsequent 12 months, nevertheless the spinoff below the brand new construction is topic to an advance tax ruling from the Canada Revenue Agency and can 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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