supply chain dysfunction, job vacancies and a cyberattack,” McCain said. “2022 was clearly a year of unprecedented challenges for us on many fronts, including hyperinflation. On an adjusted basis, the company lost 28 cents per share in its fourth quarter compared with an adjusted profit of nine cents per share a year earlier. The company said its most recent quarter included a $23-million hit related to what it called a cybersecurity incident in November and $25.8 million in startup expenses related to construction projects. “These unprecedented markets will normalize they always do.” “Our supply chains are normalizing now, the imbalance in our pricing for inflation is now coming into line and important Asian regions have opened up again for us,” Maple Leaf Foods chief executive Michael McCain said in a statement. Sales totalled $1.19 billion, up from $1.12 billion a year earlier. 31 amounted to 34 cents per share compared with a profit of $1.9 million or two cents per share in the last three months of 2021. The increased payment to shareholders came as Maple Leaf said its loss for the quarter ended Dec. The Mississauga, Ont.-based food processing company raised its quarterly dividend to 21 cents, up from 20 cents, as it reported a loss of $41.5 million in the fourth quarter of 2022. said it's expecting modest annual growth in its plant-based protein category as the company reported a loss for its latest quarter, due in part to weaker pork markets and a cyberattack.
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