November 12, 2013 / 4:53 PM / in 4 years

Canada's Rona reports higher profit on cost savings

TORONTO, Nov 12 (Reuters) - Canadian home improvement retailer and distributor Rona Inc reported a higher quarterly profit on Tuesday, helped by cost savings that met the company's targets.

Net income rose to C$30 million ($28.59 million), or 25 Canadian cents per share, from C$5.5 million, or 5 Canadian cents per share earned during the same period last year.

Total revenue slid 4.3 percent to C$1.17 billion, primarily due to $18.2 million in lost sales from store closures and a 2.4 percent decline in sales at established stores.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below