Rona adjusted earnings, revenue rise

Wed Aug 8, 2012 8:49am EDT

Aug 8 (Reuters) - Canadian home improvement retailer and distributor Rona Inc reported higher adjusted earnings on Wednesday as revenue rose.

Net earnings attributable to participating shares after a dividend on preferred shares fell to C$34.1 million, or 28 Canadian cents a share, compared with C$37.0 million, or 28 Canadian cents, a year earlier.

Excluding unusual items, earnings rose to C$43.6 million, or 36 Canadian cents a share, from C$37.0 million, or 28 Canadian cents. Revenue rose 3.4 percent to C$1.42 billion.

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