November 2, 2016 / 11:47 AM / a year ago

Maple Leaf Foods profit jumps 70 pct

Nov 2 (Reuters) - Canadian meat processor Maple Leaf Foods Inc reported a 70.4 percent jump in quarterly profit, helped by higher sales in its prepared meats business.

Net earnings rose to C$31.8 million ($23.8 million), or 23 Canadian cents per share, in the third quarter, from C$18.7 million, or 13 Canadian cents, a year earlier.

Maple Leaf’s total sales rose 4.1 percent to C$852.1 million. ($1 = C$1.34) (Reporting by Rod Nickel in Winnipeg, Manitoba and Ahmed Farhatha in Bengaluru)

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