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Retailer Canadian Tire's quarterly profit jumps 26.1 pct

May 11 Canadian Tire Corp Ltd reported a 26.1 percent rise in quarterly profit on Thursday, partly helped by higher margins in its financial business, which markets a range of Canadian Tire branded credit cards, insurance and warranty products.

Net profit was C$107.9 million ($79 million), or C$1.24 per share, in the first quarter ended April 1, from C$85.6 million, or 90 Canadian cents per share, a year earlier.

Total revenue rose 7.6 percent to C$2.75 billion.

($1 = 1.3696 Canadian dollars) (Reporting by Muvija M in Bengaluru; Editing by Martina D'Couto)

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