Jean Coutu profit rises on higher generic drug sales
(Reuters) - Canadian pharmacy chain Jean Coutu Group Inc PJCa.TO reported an 8 percent rise in fourth-quarter profit, helped by higher sales at its Pro Doc generic drug outlets.
Total sales rose marginally to C$685.4 million ($625 million) in the fourth quarter ended March 31.
Net profit rose to C$57.7 million, or 30 Canadian cents per share, from C$53.5 million, or 25 Canadian cents per share, a year earlier.
($1 = 1.0966 Canadian Dollars)
(Reporting By Sneha Banerjee in Bangalore; Editing by Don Sebastian)
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