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George Weston profit rises 23%

Reuters
9:10 AM, E.T. | July 29, 2011
Canadian

George Weston Ltd (WN-T) posted a 23-percent rise in second-quarter profit, helped by sales growth at its affiliate, Weston Foods.

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

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

Sales rose 0.7 percent to $7.53 billion.

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