May 2, 2018 / 10:43 AM / 3 months ago

Canada's Loblaw posts 62 pct rise in quarterly profit

May 2 (Reuters) - Canadian grocery and pharmacy chain Loblaw Cos Ltd posted a nearly 62 percent rise in quarterly profit on Wednesday, helped by lower expenses.

Net profit attributable to shareholders rose to C$380 million ($296 million), or 98 Canadian cents per share, in the first quarter ended March 24, from C$235 million, or 58 Canadian cents per share, a year earlier.

Revenue fell to C$10.37 billion from C$10.40 billion. ($1 = C$1.28) (Reporting by Akshara P in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below