Bakers Journal

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Canada Bread posts higher Q1 profit


April 30, 2009
By Reuters

profitNEWS HIGHLIGHT

Canada Bread posts
higher Q1 profit

Bakery products maker Canada Bread Co
Ltd. said yesterday quarterly profit increased 22 per cent
year-over-year, helped by price increases implemented in 2008,
and better sales mix in the fresh bakery operations and pasta
business.

profitApril 30, 2009 – Bakery products maker Canada Bread Co
Ltd. said yesterday quarterly profit increased 22 per cent
year-over-year, helped by price increases implemented in 2008,
and better sales mix in the fresh bakery operations and pasta
business.

The company reported first-quarter earnings of C$14.9
million ($12.3 million), or 59 Canadian cents a share, compared
with C$12.2 million, or 48 Canadian cents a share, a year ago.

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Excluding restructuring and other related costs, Canada
Bread reported adjusted earnings of 60 Canadian cents a share. | READ MORE