(Reuters) - Canada's Metro Inc
Net earnings rose to C$121.4 million ($120.9 million), or C$1.23 a share, from C$103.7 million, or C$1.01, a year earlier. Sales rose 2.7 percent to C$2.70 billion.
Sales at established stores, an important indicator for retailers, rose 1.5 percent in the fiscal first quarter.
Late on Monday, the Montreal-based firm declared a dividend of 25 Canadian cents a share, up from 21.5 Canadian cents last quarter.
Last week, Metro said it would sell nearly half of its stake in Alimentation Couche-Tard Inc , a convenience store and gasoline station operator, for nearly C$479 million.
Metro, along with rivals such as Loblaw Cos Ltd
($1 = $1.00 Canadian)
(Reporting by Allison Martell; Editing by Gerald E. McCormick and Leslie Gevirtz)
Source: http://news.yahoo.com/canadas-metro-reports-higher-profit-sales-gain-165639918--finance.html
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