Canadian grocery store operator Metro has posted a 15.7% rise in quarterly profit to C$41.3m (US$31.7m), or 42 cents a share, compared to $35.9m, or 36 cents a share, a year earlier.

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For the fourth quarter to 27 September sales were $1.3bn, compared to $1.2bn a year earlier, while same-store sales rose 1.2%.


Metro said effective merchandising and a retail investment programme had contributed to its growth, reported Dow Jones News Service.


For the year, net income was $166.3m, compared to $143.7m in the previous year. Sales rose to $5.57bn from $5.15bn in the previous year.

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