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Dollarama reports earnings rise, share buyback

yahoo.com (1 year and 10 months ago)

Jun 13, 2012

TORONTO (Reuters) - Dollarama Inc , a Canadian dollar-store operator, reported a higher quarterly profit on Wednesday, driven by improvement in sales and operating margins, and announced a plan to buy back some of its shares. Net income for the fiscal first quarter ended April 29 rose to C$42.58 million ($41.37 million), or 56 Canadian cents a share, from C$30.42 million, or 40 Canadian cents, a year ago. (Reporting By Claire Sibonney) full story

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