July 29, 2011 / 1:07 PM / 6 years ago

UPDATE 1-George Weston Q2 profit rises 23 pct

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July 29 (Reuters - Canadian food processor and distributor George Weston Ltd posted a 23 percent rise in second-quarter profit, helped by sales growth at its affiliate, Weston Foods.

Second-quarter earnings rose to C$157 million ($165.5 million), or C$1.13 a basic share, from C$128 million, or 91 basic Canadian cents a share, a year ago.

On an adjusted basis, the company earned C$1.34 a basic share.

Sales rose 0.7 percent to C$7.53 billion. ($1 = 0.949 Canadian Dollars) (Reporting by Bhaswati Mukhopadhyay in Bangalore)

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