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Metro Posts Higher Q4 Profit

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Metro Posts Higher Q4 Profit

Metro (OTC: MTRAF) reported a rise in its fourth-quarter earnings.

Metro's quarterly net earnings surged to C$145.1 million, or C$1.46 per share, from C$84.4 million, or 83 Canadian cents per share, in the year-ago period.

Its sales climbed 11.1% to C$2.94 billion, while sales at stores open at least a year increased 1.1%.

Metro shares closed at $58.12 yesterday.

Posted-In: profitEarnings News

 

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