Maple Leaf Foods profit falls 24 percent

Wed Oct 31, 2012 8:30am EDT
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Oct 31 (Reuters) - Canadian food processor Maple Leaf Foods reported a 24 percent fall in quarterly profit on Wednesday, under pressure from weak consumer bread demand and a slumping pork market.

Net earnings for the third quarter ended Sept. 30 fell to C$32.6 million ($32.6 million), or 22 Canadian cents per share, from C$43 million, or 29 Canadian cents, a year ago.

On an adjusted basis, earnings per share were 29 Canadian cents, compared to analyst expectations of 31 cents, according to Thomson Reuters I/B/E/S.