Renewable Energy

Dollarama reports 2% rise in first-quarter profit

Credit: REUTERS/CARLO ALLEGRI

Canadian discount store operator Dollarama Inc reported a nearly 2% rise in quarterly profit on Thursday as more customers shopped at its stores.

June 13 (Reuters) - Canadian discount store operator Dollarama Inc DOL.TO reported a nearly 2% rise in quarterly profit on Thursday as more customers shopped at its stores.

The Montreal-based company said net income rose to C$103.5 million ($77.8 million), or 33 Canadian cents per share, in the first quarter ended May 5, from C$101.5 million, or 31 Canadian cents, a year earlier.

Total sales rose to C$828 million from C$756.1 million.

($1 = 1.33 Canadian dollars)

(Reporting by Debroop Roy in Bengaluru; Editing by Sriraj Kalluvila)

((Debroop.Roy@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1690; Reuters Messaging: debroop.roy.thomsonreuters.com@reuters.net))

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