Arab Canada News
News
By Omayma othmani
Published: April 20, 2023
Metro Quebec giant's net profit rose by 10.4% in the second quarter of the current fiscal year, to 218.8 million dollars. As for the diluted share, the increase was estimated at 13.4% to 0.93 dollars.
Adjusted net profits also rose by 10.1% to 225.4 million Canadian dollars, while the adjusted net profit per share reached 0.96 dollars, an increase of 14.3%.
Metro's revenues in the second quarter increased by 6.6% year-on-year to 4.55 billion dollars. The increase in the grocery sector from the same store was measured at 5.8%, while it was 7.3% for the pharmacy store sector from the same store.
Eric La Flèche, President and CEO of Metro, stated that he is satisfied with the second quarter results. He also added that the company is in a good position to achieve long-term growth goals.
For his part, the Metro Board of Directors announced quarterly earnings of 0.3025 dollars per share, the same amount announced in the previous quarter.
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