The profits are stable at George Weston

Specialist Food George Weston (WN) has issued profits stable in third quarter, to $ 179M, while sales increased by 4.4% over the previous year.

The baker and majority owner of Loblaw (L) has received operating revenue of $ 413M or $ 1.28 per share for the period of 16 weeks ended October 4, up 9.8% compared to the last year.

Last year, profits per share amounted to $ 1.25.

Sales totaled $ 10.61 billion compared with $ 10.16 billion in the same period last year.

The margin of operating profit rose 3.7% to 3.9%.