MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported a loss of $26.2 million in its latest quarter compared with a loss of $53.7 million a year earlier as it prepares for a spin-off of its pork business.
Last month, Maple Leaf announced plans to hive off its pork business into a new publicly traded company, a transaction expected to close in 2025.
Several elements contributed to the improved performance in Maple Leaf's second quarter, said president and CEO Curtis Frank in a press release, including sales growth in prepared meats, better pork market conditions, growth in the company's sustainable meats portfolio, a better overall sales mix, and contributions from large capital projects.
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