Tim Hortons' quarterly profit, sales rise

Thu Nov 8, 2012 7:43am EST
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Nov 8 (Reuters) - Tim Hortons Inc reported a higher quarterly profit on Thursday, helped by higher sales and a lower effective tax rate.

Net income rose to C$105.7 million ($106.2 million) or 68 Canadian cents a share, from C$103.6 million, or 65 Canadian cents, a year earlier.

The company, which dominates the takeout coffee business in its home market, said revenue rose 10 percent to C$802.0 million.