Canadian retailer Dollarama's profit rises 28.4 pct
(Reuters) - Canadian dollar-store operator Dollarama Inc DOL.TO reported a 28.4 percent rise in first-quarter profit, helped by higher margins.
The company's profit rose to C$83.2 million ($65.7 million), or 68 Canadian cents per share, in the quarter ended May 1, from C$64.8 million, or 50 Canadian cents per share, a year earlier.
Montreal-based Dollarama's sales rose 13 percent to C$641 million.
($1 = C$1.2673)
(Reporting by Manish Parashar in Bengaluru; Editing by Savio D'Souza)
© Thomson Reuters 2017 All rights reserved.