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George Weston reports lowers profits | Canadian Grocer

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Posted in March
By Canadian Press

George Weston Ltd. saw net profits decline in the fourth quarter as the maker of bakery products and parent company of Loblaw took a number of sizable charges against earnings.

Sales in the quarter, which at 13 weeks was one week longer than the comparable 2013 period, rose more than 48% to $11.73 billion from $7.9 billion, largely as the result of the Shoppers Drug Mart acquisition.

http://www.canadiangrocer.com/top-stories/george-weston-reports-lowers-profits-50352
 

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