Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Sobeys owner Empire posts 36% rise in revenue

Empire Co Ltd, the owner of Canadian grocery chain Sobeys Inc, reported a 36 percent rise in quarterly revenue, helped by its acquisition of the Canadian assets of supermarket chain Safeway Inc.

Revenue rose to C$5.96 billion ($5.15 billion) in the second quarter ended Nov. 1, from C$4.41 billion a year earlier.

Net income from continuing operations rose to C$116.9 million, or C$1.27 per share, from C$60.5 million, or 89 Canadian cents per share. ($1 = 1.1567 Canadian dollars).

Source: reuters.com
Publication date:

Related Articles → See More