Income before tax was up 10% for the six-month period ended June 30.

Flour milling profitability dropped while maize milling revenue grew 33%.

Lower grain and rice volumes drops quarterly earnings for the packaged food segment.

Company reports earnings of C$12.98 in the second quarter, compared to a loss a year ago.

Net sales increased due to volume growth in beverage, industrial alcohol.

Sales in the segment increased 11% to $12.86 billion.

Company also announces an accelerated share repurchase agreement.

Operating income increased 19% in the second quarter.

Lower market prices hurt returns for the first quarter.

New CEO expected to be announced mid-year.