date:Feb 27, 2013
e Leaf said strength in its fresh bakery and North American frozen bakery businesses was partly offset by weakness in the companys fresh pasta business. Earnings from its bakery operations in the United Kingdom were flat year to year.
The company benefited from efficiency gains resulting from the closure of its bakery in Delta, B.C., in late 2011 and the transfer of production to more efficient bakeries, and from reduced input costs as a result of positive hedging activities, Maple Leaf said.