CANADA: Loblaw reports record fiscal 2001 earnings of C$563m
Canadian retailer Loblaw has reported a record year in fiscal 2001, realising net earnings per share of C$2.04 (US$1.28), a 19% improvement on 2000. Fourth quarter net earnings per share increased 16% to 79 cents while sales were up 7% to C$5.3bn. For the FY, sales were C$21.5bn, 7% ahead of last year. Solid sales growth was experienced across the country with the stores saw continued positive improvements in Quebec.
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