March 30 Canadian retailer Dollarama Inc
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.
($1 = 1.3325 Canadian dollars)
(Reporting by Vishaka George in Bengaluru; Editing by Martina