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Maple Leaf Foods reports year-over-year profit loss

Company says its third quarter was a challenging period thanks to trade instability

Maple Leaf Foods Inc. saw its third-quarter profit fall compared with a year ago as its sales also slipped lower.

The company says it earned $26.6 million for the quarter ended Sept. 30, compared with a profit of $37.6 million a year ago.

Sales totalled $874.8 million, down from $908.4 million.

Maple Leaf chief executive Michael McCain called it a challenging period, driven by temporary global trade instability.

"These abnormal markets have no impact on our core business strategies or our longer-term financial goals," McCain said in a statement.

"We are focused on key levers of value creation over time, including our sustainability agenda, our brands, strategic acquisitions and cost reduction."

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