Wednesday, April 18, 2007

Jean Coutu's profits surge

I'm going to try to post more Canadian pharmacy business stories when they come up. Does this interest you or should I keep the articles more clinical in nature?

From CBC News:
Quebec-based pharmacy chain Jean Coutu Group reported its best quarterly profit in nine years on Tuesday.

For the third quarter, it earned $184 million US, up almost six-fold from $31.6 million US in the same quarter a year ago.

Jean Coutu three-month trading
The bulk of the gain stems from a rise in shares that Jean Coutu received for selling its 1,850 drugstores in the Brooks and Eckerd chains in the U.S. to Rite Aid. ...more

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