News

George Weston posts first-quarter profit of $27 million

TORONTO – TORONTO (AP) _ George Weston Ltd. (WNGRF) on Tuesday reported first-quarter net income of $27 million.

On a per-share basis, the Toronto-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs, came to 95 cents per share.

The baked goods maker and parent of the conglomerate Loblaw posted revenue of $7.87 billion in the period.

George Weston shares have risen 15 per cent since the beginning of the year. The stock has risen 5 per cent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WNGRF at http://www.zacks.com/ap/WNGRF

_____

Keywords: George Weston, Earnings Report