George Weston Ltd.’s profit in the fourth quarter was cut by two-thirds as a result of special items including the cost of a $25 Loblaw Card program launched in compensation for the company’s involvement in a price-fixing scheme.
The Toronto-based food processing and grocery company says net income attributable to common shareholders of the company dropped to $28 million or 22 cents per share.
That was down 65.9 per cent from $82 million or 64 cents per share in the fourth quarter of 2016.
The Toronto-based food processing and grocery company says net income attributable to common shareholders of the company dropped to $28 million or 22 cents per share.
That was down 65.9 per cent from $82 million or 64 cents per share in the fourth quarter of 2016.
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