April 30, 2014 / 11:14 AM / 4 years ago

Jean Coutu profit rises on higher generic drug sales

(Reuters) - Canadian pharmacy chain Jean Coutu Group Inc (PJCa.TO) reported an 8 percent rise in fourth-quarter profit, helped by higher sales at its Pro Doc generic drug outlets.

Jean Coutu Group (PJC) Inc. Chairman Jean Coutu speaks during their annual general meeting in Longueuil, Quebec, July 5, 2011. REUTERS/Christinne Muschi

Total sales rose marginally to C$685.4 million ($625 million) in the fourth quarter ended March 31.

Net profit rose to C$57.7 million, or 30 Canadian cents per share, from C$53.5 million, or 25 Canadian cents per share, a year earlier.

($1 = 1.0966 Canadian Dollars)

Reporting By Sneha Banerjee in Bangalore; Editing by Don Sebastian

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