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Loblaw feels impact of special items, Q4 net earnings drop by more than one-third

2016-02-25 15:39:03| Grocery - Topix.net

Loblaw Companies Ltd. says that its fourth-quarter profit was down by more than one-third compared with the prior year, largely because of special items including the write-down of some assets that are set aside for sale. Canada's largest grocery and pharmacy retailer says net income for shareholders fell to $128 million, or 31 cents per share.

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