Rona posts bigger loss, revenue dips
May 14 (Reuters) - Canada's top home improvement retailer and distributor Rona Inc reported a bigger quarterly loss on Tuesday, as it grappled with a restructuring, rising building material costs and difficult market conditions.
Rona said its adjusted net loss was 19 Canadian cents a share, up from 11 Canadian cents a share in the same period last year.
Rona, which has a new chief executive in charge of overhauling the company, said revenue dipped 0.5 percent to C$929.4 million ($929.40 million).
© Thomson Reuters 2016 All rights reserved.