October 9, 2013 / 11:20 AM / in 4 years

Jean Coutu profit rises on gains from sale of Rite Aid stake

Oct 9 (Reuters) - Canadian pharmacy chain Jean Coutu Group Inc’s quarterly profit rose more than four-fold due to a C$158.3 million ($153 million) gain from the sale of its investment in drugstore chain Rite Aid Corp.

Net profit rose to C$208.2 million, or 99 Canadian cents per share, for the three months ended Aug. 31, from C$51.2 million, or 23 Canadian cents per share, a year earlier.

Revenue fell slightly to C$653.8 million from C$658.7 million a year earlier.

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