Canada's Loblaw posts 36 pct rise in quarterly sales

Wed Nov 12, 2014 6:50am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Nov 12 (Reuters) - Loblaw Companies Ltd, Canada's largest grocer, reported a 36 percent jump in third-quarter revenue, helped by strong pharmacy sales at recently acquired Shoppers Drug Mart Corp.

Revenue rose to C$13.6 billion ($12 billion) in the quarter ended Oct. 4 from C$10.0 billion a year earlier.

Adjusted net profit rose 81 percent to C$371 million. ($1 = C$1.1311) (Reporting By Tanvi Mehta and Manya Venkatesh in Bangalore; Editing by Savio D'Souza)