Lets talk about finance of Maple leaf foods first, Nowadays, shares price range is from 13.15$ to 13.26$ and in last few months the company got much loss as the company
displayed a $14.8-million loss in what the company grants was a “very
difficult” first quarter, but CEO Michael McCain termed the problems as both
“transitory” and “self-correcting.”
“This was a very difficult quarter, with lower earnings in our protein business overshadowing good improvement in our bakery results,” McCain said. The meat business had enjoyed a steady improvement for several years, because of poor market conditions, was hurt in the quarter.
Reference: -
http://business.financialpost.com/2013/05/02/maple-leaf-foods-posts-14-8-million-loss-in-very-difficult-quarter/
“This was a very difficult quarter, with lower earnings in our protein business overshadowing good improvement in our bakery results,” McCain said. The meat business had enjoyed a steady improvement for several years, because of poor market conditions, was hurt in the quarter.
Reference: -
http://business.financialpost.com/2013/05/02/maple-leaf-foods-posts-14-8-million-loss-in-very-difficult-quarter/
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