Market News
19Aug2006 |
Strong Q2 for E.D. SmithRevenue growth, spurred by acquisitions, helped E.D. Smith Income Fund earn a profit of $4.6 million in its second quarter. The Winona, Ont.-based maker of jams, jellies and other food products said its revenues were up 11% in the quarter, reaching $58.3 million. The company, which became an income trust last year, said acquisitions of Seaforth Creamery and the grocery products division of Golden Valley Foods as well as revamped product packaging, contributed to its strong performance during the quarter. Source: Canadian Grocer E-Newsletter, August 19,2006. 
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