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Shoppers Drug acquisition helps Loblaw more than double Q4 profit to $247 million

2015-02-26 15:11:46| Grocery - Topix.net

Loblaw Companies Ltd. more than doubled its fourth-quarter profit last year, primarily as a result of its acquisition of Shoppers Drug Mart. Net income for the grocery, pharmacy and clothing retailer was $247 million, up $133 million or 117 per cent, while adjusted net earnings rose 146 per cent to $396 million.

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