Dollarama Q2 Profit Rises 20%

Canadian firm Dollarama (OTC: DLMAF) reported a 20% increase in its second-quarter profit.

Dollarama's quarterly net income surged to C$59.8 million ($57.8 million), or 82 Canadian cents a share, versus a year-ago profit of C$49.8 million, or 66 Canadian cents a share.

Its revenue surged 16% to C$511.3 million, while same-store sales climbed 6.2%.