Dollarama profit rises 23 percent on higher sales

Thu Dec 6, 2012 7:39am EST

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Dec 6 (Reuters) - Canadian dollar-store operator Dollarama Inc's third-quarter profit rose 23 percent on higher sales and new store openings.

Net income rose to C$51.5 million ($51.87 million), or 68 Canadian cents per share, from C$41.8 million, or 55 Canadian cents per share, a year earlier.

Sales rose 14.4 percent to C$458 million.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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