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Sobeys parent Empire Co reports higher profit

Tags: Empire Co
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Empire Co Ltd (EMP.A-T), parent of the Sobeys grocery chain, reported higher profits for its fourth quarter on Thursday.

Net earnings for the quarter ended May 5 rose to $92.1 million, or C$1.35 cents a share, from $82.5 million, or $1.21 per share, a year earlier.

Consolidated sales fell to $4.07 billion from $4.15 billion. Sales at established Sobeys stores rose 0.7 percent.

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