Metro Posts Higher Q4 Profit

Metro

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.