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Company News

REFILE-Loblaw fourth-quarter profit falls on charges

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Feb 22 (Reuters) - Canadian grocery and pharmacy chain Loblaw Cos Ltd on Wednesday said its quarterly profit fell as the company recorded $230 million in charges.

Net profit attributable to common shareholders fell to C$19 million, or 5 Canadian cents per share, in the third quarter ended Dec 31, from C$201 million, or 50 Canadian cents per share, a year earlier.

Revenue fell to C$11.03 billion from C$11.13 billion. (Reporting by Akshara P in Bengaluru; Editing by Shailesh Kuber)

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