February 16, 2011 / 11:33 PM / 7 years ago

UPDATE 1-Winpak posts higher Q4 profit

* Q4 EPS $0.22 vs $0.18 last year

* Q4 sales rise 14 pct to $154.9

Feb 16 (Reuters) - Canada’s Winpak Ltd , maker of packaging materials and machines, posted a higher fourth-quarter profit on higher demand for its products.

For the quarter ended Dec. 26, the company reported net income of $14.1 million, or 22 cents per share, compared with $11.4 million, or 18 cents per share, last year.

Sales rose 14 percent to $154.9 million.

The Winnipeg, Manitoba-based company’s shares closed at C$12.85 on Wednesday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Roshni Menon)

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