* Q1 EPS C$0.19 vs C$0.002 last year
* Q1 rev falls 25 percent
* Shares up 9 percent
May 13 (Reuters) - Menu Foods Income Fund’s MEW_u.TO first-quarter profit soared on lower operating costs, sending the company’s shares up 9 percent.
The pet-food products maker said it expects lower volumes for 2010, but expects operating costs for the current year to be in line with 2009.
Net income rose to C$5.7 million, or 19 Canadian cents a unit, from C$54,000, or 0.2 Canadian cents a unit, a year ago.
Sales fell 25 percent to C$63 million on account of customer losses.
Cost of sales fell 30 percent to C$53.8 million while selling, general and administrative expenses dropped 61 percent.
Shares of the company were trading up 9 percent at C$4.04 Thursday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Roshni Menon) (email@example.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: firstname.lastname@example.org))