September 7, 2017 / 11:07 AM / in 3 months

Canada's Dollarama posts 24 pct rise in quarterly profit

Sept 7 (Reuters) - Canadian dollar-store operator Dollarama Inc reported a 24 percent rise in quarterly profit on Thursday as customers on average spent more at its stores.

The Montreal-based company’s net income rose to C$131.8 million ($108.2 million), or C$1.15 per share, in the second quarter ended July 30, from C$106.4 million, or 88 Canadian cents per share, a year earlier.

Sales climbed 11.5 percent to C$812.5 million. ($1 = C$1.22) (Reporting by Anirban Paul in Bengaluru; Editing by Maju Samuel)

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