Dollarama posts higher profit, raises dividend

April 12 Fri Apr 12, 2013 7:47am EDT

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April 12 (Reuters) - Canadian dollar-store operator Dollarama Inc reported a 21 percent rise in quarterly profit as it sold more items priced above C$1.00 and it raised its dividend by 27 percent.

Net income rose to C$77.1 million ($76.3 million), or C$1.04 per share, in the fourth quarter from C$63.6 million, or 84 Canadian cents, a year earlier.

Sales rose 20 percent to C$561.9 million.

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