George Weston Reports 50% Rise In Q3 Profit

George Weston Ltd WNGRF reported a 50% surge in its third-quarter profit. George Weston's quarterly earnings climbed to C$264 million, or C$1.94 per basic share, from C$176 million, or C$1.26 per basic share, in the year-earlier period. On an adjusted basis, George Weston earnings came in at C$1.44 per basic share. Its sales surged 2.4% to C$10.06 billion. George Weston shares closed at $63.72 yesterday.