The Globe and Mail reports in its Wednesday, Aug. 2, edition that George Weston says its latest quarter delivered a profit attributable to common shareholders of $498-million. A Canadian Press dispatch to The Globe reports that the company, which holds large interests in Loblaw and Choice Properties REIT, says the second quarter profit was almost 22 per cent lower than the earnings it reported a year earlier. Weston says the decrease was primarily driven by unfavourable liabilities linked to Choice Properties. George Weston says its adjusted net earnings available to common shareholders totalled $377-million for the period ended June 30, up from $328-million a year before. On an adjusted basis, George Weston says it earned $2.68 a diluted share, up from an adjusted profit of $2.23 a diluted share a year earlier. Revenue for the quarter totalled $13.88-billion, up from $12.97-billion in the same quarter last year. Weston says its results were buoyed by increased sales at Loblaw and Choice Properties' plans to open 1.6 million square feet of industrial space and two residential projects this year.