CANADA: Loblaw reveals 16% rise in Q3 earnings
Canadian grocery retailer Loblaw has posted a 16% rise in quarterly profit, and said it aims to increase its non-food offering as it continues with expansion plans. Loblaw reported earnings of C$218m, or 79 cents a share, for the third quarter, compared to earnings of $188m, or 68 cents a share, a year earlier. Analysts had been expecting, on average, earnings of 80 cents a share, reported Reuters.
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