From Reuters:
Profit at Shoppers Drug Mart (SC.TO) rose about 19 percent in the first quarter, Canada's largest pharmacy chain said on Tuesday, helped by an aggressive expansion campaign, cost cuts and a tax reduction.
The company also announced a dividend of 21.5 Canadian cents per common share, payable in July.
Shoppers said it earned C$101.3 million ($100.1 million), or 47 Canadian cents a share, in the period ended March 22, up from C$85.3 million, or 39 Canadian cents a share, in the comparable period a year earlier.
Revenue in the quarter was up 10 percent at C$2.02 billion, continuing to climb as the company expands both the size and number of its stores. ...more
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