CANADA: Loblaw posts near 20% rise in Q1 earnings
Canada's largest grocery chain, Loblaw, has said quarterly profits rose almost 20% due to stronger supermarket sales. Loblaw, which operates supermarkets under the Provigo and Loblaws banners, reported first-quarter net earnings of C$151m (US$106m), or 55 cents a share, up 19.8% from $126m, or 46 cents a share, in the year-ago period.
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