(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