METRO-RICHELIEU EARNINGS INCREASE

MONTREAL -- Metro-Richelieu here said sales and earnings increased for the third quarter and 40 weeks ended July 1. Net income for the 16-week quarter rose 107.5% to $19.3 million (U.S.) and 72.8% to $34.9 million for the year-to-date. Quarterly results included a pretax gain of $10.5 million ($7.8 million after taxes) from disposal of the company's investment in the Quebec Nordiques hockey team.

MONTREAL -- Metro-Richelieu here said sales and earnings increased for the third quarter and 40 weeks ended July 1. Net income for the 16-week quarter rose 107.5% to $19.3 million (U.S.) and 72.8% to $34.9 million for the year-to-date. Quarterly results included a pretax gain of $10.5 million ($7.8 million after taxes) from disposal of the company's investment in the Quebec Nordiques hockey team. Excluding that gain, earnings rose 24% to $11.5 million for the quarter and 34.6% to $27.1 mil

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