August 9, 2012 / 11:23 AM / 5 years ago

Grocer Metro's profit rises on higher sales

Aug 9 (Reuters) - Canada's third-largest grocery store Metro Inc reported a nearly 14 percent rise in quarterly profit on higher sales from its majority-owned ethnic food retailer Marché Adonis.

Net earnings for the third quarter rose to C$144.4 million, or C$1.43 per share, from C$127.1 million, or C$1.23 per share, a year earlier.

Sales rose 3.8 percent to C$3.70 billion. Sales at established stores, a key measure for retailers, rose 1 percent.

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