November 7, 2012 / 2:02 PM / 5 years ago

Rona profit drops on lower sales, margins

Nov 7 (Reuters) - Canadian home improvement retailer and distributor Rona Inc reported a drop in quarterly profit on Wednesday as sales and margins fell.

Net income attributable to participating shares fell to C$5.1 million ($5.1 million), or 4 Canadian cents a share, from C$47.8 million, or 36 Canadian cents, a year earlier.

Rona, which is pushing to turn around its business by refocusing on smaller format stores, said revenue fell 0.8 percent to C$1.34 billion as it cut prices in a tough market.

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