Dollar-store operator Dollarama's profit rises 8 pct

Wed Apr 9, 2014 7:42am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

April 9 (Reuters) - Canadian dollar-store operator Dollarama Inc reported an 8 percent rise in fourth-quarter profit as sales rose mainly driven by an increase in the number of stores and the company also raised its dividend.

The Montreal-based discount retailer's net income rose to C$83 million ($75.9 million), or C$1.17 per share, for the quarter ended Feb. 2, from C$77.1 million, or C$1.04 per share, a year earlier. ($1 = 1.0930 Canadian Dollars) (Reporting by Ashutosh Pandey in Bangalore; Editing by Prateek Chatterjee)