Thursday, May 21, 2009

Menu Foods stocks, sales increase

Menu Foods Income Fund reported its first gain in profits since its petfood contamination lawsuit in 2007, according to a Canadian Press article.
The company’s stocks increased by 25% in the first quarter of 2009 to a 52-week high of CAN$1.68 (US$1.44) on the
Sales also increased from CAN $55.6 million (US $47.75 million) to CAN $84.1 million (US $72.2 million), which the company attributed to three price increases as well as a 6.7% rise in the volume of can and pouch sales, according to the article.

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