George Weston reports second-quarter earnings of $98 million, down from year ago

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TORONTO - George Weston Ltd. (TSX:WN) says its second-quarter net earnings attributable to shareholders fell to $98 million, down from $135 million a year earlier, primarily due to a revaluation of its holdings following an agreement to sell 9.6 million shares of Loblaw Co. (TSX:L). Basic net earnings per common share were 69 cents, down from 98 cents during the same period last year.

Organizations: George Weston Ltd., TSX, Loblaw Co.

Geographic location: TORONTO

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