* Q3 EPS C$0.51 vs. C$0.68 last year
* Sales up 1.6 pct to C$294.3 mln
* Not seeing container division profitable before 2010
Nov 5 (Reuters) - Label and package maker CCL Industries Inc CCLb.TO posted a 25 percent drop in third-quarter profit, hurt by its weak container division and higher costs.
The company, which is not expecting the container division to return to profitability before 2010, said many cost-saving actions were underway to deliver improved performance.
The division was hurt by continued lower demand in the United States for high-end aerosol cans aggravated by a slow summer for aluminum beverage bottles.
The container division posted a loss of C$2.8 million ($2.64 million), compared with a profit of C$2.8 million a year-ago.
For the third quarter ended Sept. 30, CCL earned C$16.6 million, or 51 Canadian cents per class B share, down from C$22.1 million, or 68 Canadian cents per class B share, last year.
Sales rose 1.6 percent to C$294.3 million, helped by acquisitions in the label division.
Analysts on average expected earnings of 21 Canadian cents a share on revenue of C$273.47 million, according to Thomson Reuters I/B/E/S.
Selling, general and administrative expenses rose 12 percent to C$35 million.
Shares of the Toronto-based company closed at C$22.11 Wednesday on the Toronto Stock Exchange. ($1=1.062 Canadian Dollar) (Reporting by R. Manikandan in Bangalore; Editing by Maju Samuel)