November 26, 2013 / 2:12 PM / 4 years ago

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

1 Min Read

Pedestrians walk past a Couche-Tard convenience store in Montreal, April 18, 2012.Christinne Muschi

(Reuters) - Canadian convenience store operator Alimentation Couche-Tard (ATDb.TO) 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 October 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.

Reporting by Sneha Banerjee in Bangalore; Editing by Sriraj Kalluvila

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