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Loblaw Q1 profit soars as strategic moves pay off, dividend going up

2015-05-06 14:27:48| Grocery - Topix.net

Loblaw Companies Ltd. is reporting a big jump in first quarter profit as it benefits from major strategic moves, including the purchase of Shoppers Drug Mart. Canada's largest grocery company says its net income was up 21.7 per cent from the same time last year, rising to $146 million and its adjusted net income was up 96.7 per cent to $301 million.

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