George Weston reports $106M first-quarter profit up from $83M year ago

A man leaves a Loblaws store in Toronto on Thursday, May 3, 2018. THE CANADIAN PRESS/Nathan Denette

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TORONTO - George Weston Ltd. reported a fourth-quarter profit available to common shareholders of $280 million as its revenue rose 11 per cent compared with a year ago.

The company, which owns a majority stake in Loblaw Cos. Ltd. and a large stake in Choice Properties Real Estate Investment Trust, says the profit amounted to 72 cents per diluted share for the 13-week period ended Dec. 31.

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