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Dollarama's profit rises 18 pct third quarter
December 6, 2017 / 12:09 PM / 10 days ago

Dollarama's profit rises 18 pct third quarter

Dec 6 (Reuters) - Canadian dollar store chain Dollarama Inc’s profit rose 18.2 percent in the third quarter, as shoppers spent more on average at its stores.

The Montreal-based company said on Wednesday its net earnings rose to C$130.1 million ($102.7 million) or C$1.15 per share in the quarter ended Oct. 29, from C$110.1 million or 92 Canadian cents per share, a year earlier.

Sales climbed to C$810.6 million from C$738.7 million. ($1 = 1.2664 Canadian dollars) (Reporting by Ahmed Farhatha in Bengaluru; editing by Sai Sachin Ravikumar)

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