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Company News

REFILE-Loblaw's third-quarter profit more than doubles

(Adds dropped word “than” in headline)

Nov 15 (Reuters) - Canadian grocery and pharmacy chain Loblaw Cos Ltd on Wednesday said its quarterly profit more than doubled, partly helped by a post-tax gain of C$432 million ($339 million).

Net profit attributable to shareholders rose to C$886 million, or C$2.24 per share, in the third quarter ended Oct. 7, from C$422 million, or C$1.03 per share, a year earlier.

Revenue rose to C$14.19 billion from C$14.14 billion.

$1 = 1.2741 Canadian dollars Reporting by Taenaz Shakir in Bengaluru; Editing by Martina D’Couto

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