Convenience store operator Couche-Tard's profit jumps 27 pct

Tue Nov 26, 2013 9:07am EST
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Nov 26 (Reuters) - Canadian convenience store operator Alimentation Couche-Tard reported a 27 percent rise in quarterly profit, driven by higher gasoline margins and acquisitions.

Net income rose to $229.8 million, or $1.21 per share, in the second quarter ended Oct. 13 from $181.3 million, or 97 cents per share, a year earlier.

The Laval, Quebec-based company, whose outlets include Mac's and Circle K, sells gasoline at many of its locations.

Gross profit margins from gasoline sales rose 41 percent to 21.56 cents per gallon.