Maple Leaf Foods reports larger quarterly loss

Thu May 1, 2014 8:04am EDT
 
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May 1 (Reuters) - Canadian food processor Maple Leaf Foods Inc reported a larger quarterly net loss on Thursday, due to higher costs and restructuring charges.

Net loss for the first quarter rose to C$132 million ($120.3 million), or 95 Canadian cents per share, from C$14.7 million, or 11 Canadian cents, a year ago.

($1 = 1.0975 Canadian Dollars) (Reporting By Euan Rocha in Toronto and Rod Nickel in Winnipeg, Manitoba)