May 3, 2012 / 11:15 AM / 6 years ago

Pharmacy chain Jean Coutu profit rises on higher sales

May 3 (Reuters) - Canadian pharmacy chain Jean Coutu Group reported a higher fourth-quarter profit, helped in part by higher sales from new franchised stores.

Net profit for the quarter rose to C$62 million ($62.69 million), or 28 Canadian cents per share, from C$46.5 million, or 20 Canadian cents per share, a year earlier.

Revenue rose 11.7 percent to C$737.2 million.

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