Jean Coutu Posts Rise In Profit

Canadian firm Jean Coutu Group JCOUF reported a strong rise in its profit for the three months ended August 31. Jean Coutu's quarterly net profit surged to C$208.2 million, or 99 Canadian cents a share, versus C$51.2 million, or 23 Canadian cents a share, in the year-ago period. Its revenue declined to C$653.8 million from C$658.7 million.