CANADA: Loblaw profits slump 8.1%
Second quarter earnings at Canada's largest grocery retail chain have declined by 8.1% as Loblaw reported CN$194m (US$170.19m) in profit and dropped its full year EPS guidance from CN$2.17 cents per share in FY2005 to as low as CN$2.12 per share. The company had previously predicted EPS growth of between 4% and 7%.
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