date:May 05, 2012
Canadian food processing company Maple Leaf Foods reported that its net earnings dropped to C$0.8m ($0.8m) for the first quarter ended March 31, 2012, compared to C$10.5m ($10.64m) the previous year, primarily due to lower fresh bakery volumes.
Sales increased 1% to C$1.16bn ($1.17m), compared to C$1.14bn ($1.11m) during the previous year, owing to higher pricing across all of the company's business divisions, which partially offset weaker fresh bakery and fresh pork volumes.
Maple Leaf Foods pr