Maple Leaf Results Improve

Maple Leaf Foods said it returned to profit in the third quarter on strong results from its protein group and the food processor slightly topped expectations. Maple Leaf, which is closing older meat plants while modernizing others as part of a multi-year plan to boost earnings, is up against rising raw meat costs and a strong Canadian dollar. Net earnings were $43 million, versus a loss of C$19.9 million in the third quarter of 2010.

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