Sobeys-owner Empire reports higher profit

Wed Sep 10, 2014 5:25pm EDT
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Sept 10 (Reuters) - Empire Co Ltd, the operator of Canadian grocery chain Sobeys Inc, reported a higher quarterly profit, helped by its acquisition of Canada Safeway.

Net earnings from continuing operations rose to C$123.1 million, or C$1.33 per share, for the first quarter ended Aug. 2, from C$82.6 million, or C$1.21 per share, a year earlier.

Total sales jumped 35.4 percent to C$6.22 billion. (Reporting by Sneha Banerjee and Anannya Pramanick in Bangalore; Editing by Joyjeet Das)