Canadian convenience store operator Alimentation Couche-Tard has announced a rise in earnings for the year ended 24 April 2005, reflecting, it said, the major contribution of Circle K for the full year and higher fuel margins in the US.
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Total revenues rose to C$10.2bn (US$8.5bn), compared with 5.9bn a year ago, while net earnings were $199.5m, compared with $75.5m.
“We are very pleased we successfully completed a milestone in our growth this year,” said Alain Bouchard, president and CEO. “We achieved excellent results, which allowed us to further strengthen our financial position. In addition to successfully completing the integration, Circle K’s business units drew up business plans and various concrete projects to build upon their markets’ potential. In 2005-2006 therefore, we can further focus on leveraging Circle K’s strong potential,”
