Dollarama Q3 Net Profit Up 23%

Canadian Dollarama

reported a 23% rise in its third-quarter profit. Dollarama's quarterly net income surged to C$51.5 million ($51.87 million), or 68 Canadian cents per share, versus C$41.8 million, or 55 Canadian cents per share, in the year-ago period. Its sales surged 14.4% to C$458 million. Dollarama shares closed at $63.17 yesterday.