Maple Leaf Foods reports third-quarter profit up from a year ago

Maple Leaf Foods earned $37.6 million in its latest quarter, up from a year ago, helped by higher sales.

The processed meat company says the profit amounted to 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $31.8 million or 23 cents per share a year ago.

Adjusted operating earnings increased to $65.2 million compared with $61.5 million last year.

Sales in the quarter were $908.4 million, up from $852.1 million.

Maple Leaf says higher sales across its portfolio benefited from improved volumes, as well as the addition of Lightlife Foods earlier this year.