TORONTO Feb 18 Rona Inc, a Canadian home improvement retailer and distributor, reported lower quarterly revenue and profit on Tuesday as same-store sales fell due to extreme winter weather and a decline in home-building.
The company reported adjusted net income, attributable to participating shares, of C$4.6 million ($4.20 million), or 4 Canadian cents a share, in the fourth quarter, down from C$6.4 million, or 5 Canadian cents a share, in the same period last year.
Total revenue declined to C$941.1 billion from C$1.07 billion a year earlier.
There were 13 weeks in the fourth quarter ended Dec 29, 2013, versus 14 weeks, during the same quarter in 2012.
Chinese court rules in favour of Apple in local design patent disputes
BEIJING, March 25 A Chinese court has ruled in favour of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported.