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Net profit falls

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Published: August 5, 2010

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Maple Leaf Foods’ operating earnings rose in the second quarter , but adjustments caused net profit to fall.

Profit fell to $3 million from $4.9 million last year on a $20.7 million charge reflecting a change in fair value of long-term interest rate swaps.

Earnings from operations before adjustments were $52.2 million, up from $43.6 million last year,.

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