LOBLAW RESULTS UP IN QUARTER; NET RISES, SALES FLAT FOR YEAR

TORONTO -- Reflecting the sale of its U.S. retail assets in mid-1995, Loblaw Cos. here said sales for the year ended Dec. 28 were flat, while fourth-quarter sales rose 7%. during the second quarter of the prior year.For the 12-week fourth quarter, net income rose 21.5% to $43.7 million, while sales rose 7% to $1.7 billion.Fourth-quarter earnings included a one-time charge of $14.6 million, representing

TORONTO -- Reflecting the sale of its U.S. retail assets in mid-1995, Loblaw Cos. here said sales for the year ended Dec. 28 were flat, while fourth-quarter sales rose 7%.

during the second quarter of the prior year.

For the 12-week fourth quarter, net income rose 21.5% to $43.7 million, while sales rose 7% to $1.7 billion.

Fourth-quarter earnings included a one-time charge of $14.6 million, representing a store labor restructuring. The company said it also received

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