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Maple Leaf Foods profit rose to $43.1 million, aided by strong sales and the spin-off of its pork unit, Canada Packers.
Maple Leaf Foods posted a third-quarter profit of $43.1 million, up from $17.7 million a year ago, with adjusted earnings per share at 49 cents.
Sales rose 8% to $1.36 billion, driven by growth in poultry, pork, and prepared foods.
The results follow the spin-off of its pork business into Canada Packers Inc., which reported a $25.6 million profit and $481.8 million in sales, up from $420.2 million.
Canada Packers, now independent, plans to expand in Western Canada, boost productivity, and pay a quarterly dividend.
Maple Leaf retains a 16% stake and has a supply agreement with the new company.
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Las ganancias de Maple Leaf Foods aumentaron a $43.1 millones, ayudadas por fuertes ventas y la escisión de su unidad de carne de cerdo, Canada Packers.