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Canada Bread Co. Ltd.

11:13 AM EST - Canada Bread Co. Ltd. : reported fourth-quarter net income of $23.53 million or $0.93 per share, compared to $13.99 million or $0.55 per share in the year-ago quarter. The company's adjusted earnings rose to $25.2 million or $0.99 per share from $17.7 million or $0.70 per share in the prior year. Quarterly sales grew to $393.27 million from $355.48 million in the comparable period last year. Canada Bread Co. Ltd. shares T.CBY are trading ahead 8 cents at $70.75.