June 13, 2012 / 11:49 AM / in 5 years

Dollarama reports earnings rise, share buyback

TORONTO, June 13 (Reuters) - Dollarama Inc, a Canadian dollar-store operator, reported a higher quarterly profit on Wednesday, driven by improvement in sales and operating margins, and announced a plan to buy back some of its shares.

Net income for the fiscal first quarter ended April 29 rose to C$42.58 million ($41.37 million), or 5 6 Canadian cents a share, from C$3 0.42 million, or 40 Canadian cents, a year ago.

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