(Montreal) The net profit of the Quebec giant Metro increased by 10.4% in the second quarter of the current financial year, to 218.8 million. Per diluted share, the gain was 13.4% to $0.93.
Adjusted net earnings rose 10.1% to $225.4 million, while adjusted diluted net earnings per share were $0.96, up 14.3%.
Metro’s second-quarter revenue rose 6.6% year-over-year to $4.55 billion. The increase in the same grocery store sector was measured at 5.8% while it amounted to 7.3% for the same drug store sector.
Metro President and CEO Éric La Flèche said he was satisfied with the second quarter results. He says the company is well positioned to achieve its long-term growth objectives.
Metro’s board declared a quarterly dividend of $0.3025 per share, the same amount declared last quarter.
Company named in this dispatch: Metro (TSX: MRU)