August 7, 2008 / 4:11 PM / 9 years ago

Tim Hortons profit jumps on stronger sales

<p>A pedestrian walks past a Tim Hortons restaurant in Toronto in this October 26, 2007 file photo. REUTERS/Mark Blinch</p>

OTTAWA (Reuters) - Canadian coffee and doughnut chain Tim Hortons THI.TO said on Thursday that second-quarter profit rose 11.5 percent as it opened more restaurants and charged higher prices.

Canada’s biggest restaurant chain said it earned C$75 million ($71.4 million), or 41 Canadian cents a share, in the quarter ended June 29. That compares with a profit of C$67.2 million, or 36 Canadian cents a share, in the same period last year.

($1=$1.05 Canadian)

Reporting by Susan Taylor; editing by Rob Wilson

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