July 14, 2015 / 1:35 PM / 2 years ago

Couche-Tard profit falls nearly 11 percent

(Reuters) - Canadian convenience store and gasoline station operator Alimentation Couche-Tard (ATDb.TO) on Tuesday reported a 10.8 percent fall in quarterly profit, largely due to one-time costs related to its purchase of smaller U.S. rival Pantry Inc.

A Couche-Tard sign is pictured in Quebec City June 9, 2010. REUTERS/Mathieu Belanger

The company raised its quarterly dividend by more than 22 percent to 5.5 Canadian cents.

Net income fell to $129.5 million, or 23 cents per share, in the fourth quarter ended April 26 from $145.1 million, or 25 cents per share, a year earlier.

Revenue fell 18.6 percent to $7.28 billion.

Reporting by Solarina Ho in Toronto and Manya Venkatesh in Bengaluru; Editing by Sriraj Kalluvila

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