Market News
03Mar2006 |
Weston Profits Enjoy Healthy SpikeGeorge Weston Ltd. has posted positive numbers in its fourth quarter, thanks mainly to its baking business. The latter has enjoyed a lift from its focus on more whole-grain products. Weston posted net income of $249 million, or $1.85 a share, compared with a loss of $1million (six cents a share) in the same period a year earlier. Sales of whole-grain products did particularly well in Q4, with an overall increase of 7% in bakery unit sales. In the past year, Weston restructured its bakery operations by adding new products, closing plants and increasing prices. Source: Canadian Grocer E-Newsletter, March 3rd. 2006. 
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