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Maple Leaf Foods posts full year earnings


Maple Leaf Foods reports strong 2009 earnings after fatal bacteria outbreak in 2008

Toronto-based Maple Leaf Foods Inc. today announced [PDF] Q4 2009 and full year fiscal 2009 financial earnings.

The company said sales were CDN $1.324-million in Q4 2009, immaterially down from the same period last year. Net of all expenses and charges, the company reported $21.9-million ($0.19 per share) in profits in the fourth quarter of 2009.

Aggregate sales for 2009 totaled $5.2-billion. Net earnings in 2009 were $57.8-million, compared to $35.4-million in 2008.

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