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Sears Canada Swings To Q1 Profit

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Sears Canada Inc (OTC: SEARF) swung to a first-quarter profit.

Sears Canada posted its quarterly net income at C$93.1 million ($92.7 million), or 91 Canadian cents per share, versus a year-ago loss of C$47 million, or 45 Canadian cents per share.

Its revenue dropped 8% to C$915.1 million. Sales at stores open at least a year declined 6.3%.

Posted-In: profitEarnings News


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