Thursday, November 09, 2006

Shoppers Drug Mart Says Profit Rises on Expansion

Shoppers Drug Mart continues to report good news to investors...

From Bloomberg:
Shoppers Drug Mart Corp., Canada's biggest pharmacy chain, said third-quarter profit rose 15 percent as the company expanded stores and added products such as cosmetics.

Net income increased to a record C$123.9 million ($109.9 million), or 57 cents a share, from C$107.7 million, or 50 cents, the Toronto-based company said today in a statement. Revenue rose 8.9 percent to C$2.33 billion from C$2.14 billion. ...more

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