Empire Co profit rises 20 pct

Thu Dec 13, 2012 10:31am EST
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Dec 13 (Reuters) - Canada's Empire Co Ltd, parent of grocer Sobeys, reported higher second-quarter profit as sales at the grocery chain rose.

Net earnings rose to C$93.3 million, or C$1.37 per share, from C$78.1 million, or C$1.15 per share, a year earlier.

Total sales rose 9 percent to C$4.40 billion.