Sept 14 (Reuters) - Dollarama Inc , Canada’s largest operator of dollar stores, reported a 79 percent rise in second-quarter profit, helped by sales from the new stores it opened in the past one year.
For the second quarter, net income rose to C$37.6 million ($37.8 million), or 50 Canadian cents a share, from C$21.0 million, or 28 Canadian cents a share, a year ago.
Sales for the company, which has more than 600 locations across Canada, rose 13 percent to C$387.5 million.
Shares of Montreal-based Dollarama, which hit lifetime high of C$34.45 on Wednesday, closed at C$34.27 on the Toronto Stock Exchange. ($1 = 0.993 Canadian Dollars) (Reporting by Ankur Banerjee in Bangalore; Editing by Saumyadeb Chakrabrty)