OTTAWA: Canadian retailer Dollarama Inc DOL.TO reported a 17 percent rise in quarterly profit on Thursday as customers spent more in its stores.
Dollarama’s net income rose to C$146.1 million ($109.6 million), or C$1.24 per share, in the fourth quarter ended Jan. 29, from C$124.8 million, or C$1 per share, a year earlier. Comparable-store sales rose 5.8 percent, and the average transaction size increased by 7.8 percent in the quarter. Sales jumped 11.5 percent to C$854.5 million.
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