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BRIEF-George Weston Limited Reports First Quarter Loss Per Share Of C$0.41 Reuters 2 days ago GEORGE WESTON LIMITED REPORTS FIRST QUARTER 2021 RESULTS(2) Q1 LOSS PER SHARE C$0.41 Q1 EARNINGS PER SHARE ESTIMATE C$1.56 REFINITIV IBES DATA Q1 ADJUSTED EARNINGS PER SHARE C$0.04 QTRLY REVENUE $ 12,352 MILLION VERSUS $ 12,333 MILLION QTRLY ADJUSTED DILUTED NET EARNINGS PER COMMON SHARE $ 1.59 Q1 EARNINGS PER SHARE VIEW C$1.56, REVENUE VIEW C$12.36 BILLION REFINITIV IBES DATA Source text for Eikon: Further company coverage:
George Weston says the loss came as it recorded an unfavourable fair value adjustment of a trust unit liability as a result of the increase in Choice Properties REIT unit prices in the quarter.
On an adjusted basis, the company says it earned $243 million or $1.59 per diluted share for the quarter, up from an adjusted profit of $239 million or $1.55 per diluted share a year ago.
Revenue for the quarter totalled $12.35 billion, up from $12.33 billion in the same quarter last year.
George Weston, which holds large interests in Loblaw Companies Ltd. and Choice Properties REIT, put its Weston Foods bakery business up for sale in March in a move to focus on its retail and real estate operations.
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TORONTO - George Weston Ltd. reported a loss in its latest quarter compared with a profit a year ago as it was hit by one-time charges.
A George Weston Ltd. image is shown at the company s annual general meeting in Toronto on Tuesday, May 10, 2016. THE CANADIAN PRESS/Nathan Denette
TORONTO - George Weston Ltd. reported a loss in its latest quarter compared with a profit a year ago as it was hit by one-time charges.
The company says its net loss available to common shareholders was $62 million or 41 cents per diluted share for the quarter ended March 27. The result compared with a profit of $582 million or $3.78 per diluted share a year earlier.
May 11, 2021 - 2:07 PM
TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,274.04, down 87.84 points.)
Enbridge Inc. (TSX:ENB). Energy. Down 24 cents, or 0.5 per cent, to $48.19 on 24.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 57 cents, or 2.02 per cent, to $27.67 on 15.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 40 cents, or 1.54 per cent, to $25.62 on 13.7 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Unchanged at 14 cents on 11.7 million shares.
Tetra Bio-Pharma Inc. (TSX:TBP). Health care. Down 9.5 cents, or 20.65 per cent, to 36.5 cents on 11.4 million shares.
Royal Bank of Canada (TSX:RY). Down 97 cents, or 0.81 per cent, to $119.41 on 6.6 million shares.