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Company News

Retailer Loblaw quarterly revenue rises 2%

Nov 13 (Reuters) - Canadian retailer Loblaw Cos Ltd reported a 2.3% rise in quarterly revenue on Wednesday, boosted by higher demand at its pharmacies and food stores.

Net earnings attributable to common shareholders rose to C$331 million ($250.17 million), or 90 Canadian cents per share, in the third quarter ended Oct. 6, from C$106 million, or 28 Canadian cents per share, a year earlier.

Revenue rose to C$14.66 billion from C$14.32 billion.

$1 = 1.3231 Canadian dollars Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli

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