Maple Leaf Foods raises division after 4 entertain distinction of over $59M
Maple Leaf Foods Inc. is embarking on a “most desirous code renovation” in a entrance year to turn a many tolerable protein association in a world, pronounced CEO Michael McCain on Wednesday.
“Looking forward, we are vehement about a future,” he pronounced in a matter as a association expelled a fourth-quarter gain results.
“We have good certainty a code plan will support continued expansion for years to come.”
Further information on Maple Leaf’s skeleton are approaching to be a pivotal subject during a association discussion call with analysts scheduled after in a day, pronounced Irene Nattel, an researcher with RBC Dominion Securities Inc.
The association delivered “solid” formula for a final entertain of 2017 and a full year, Nattel added.
Maple Leaf reported a quarterly distinction of $59.1 million or 47 cents per share compared with $76.2 million or 57 cents per share in a same entertain a year prior.
The association announced it would lift a quarterly division from 11 cents per share to 13 cents.
Sales in a entertain finished Dec. 31 totalled $876.8 million, adult from $828.2 million in a final 3 months of 2016.
On an practiced basis, a association pronounced it warranted 41 cents per share, adult from an practiced distinction of 31 cents per share a year ago.
Analysts had approaching a distinction of 39 cents per share, according to Thomson Reuters.
Article source: http://www.cbc.ca/news/business/maple-leaf-foods-earnings-1.4544980?cmp=rss