METRO-RICHELIEU NET GAINS 14% IN QUARTER, SALES UP 6.3%

MONTREAL (FNS) -- Metro-Richelieu Inc. here said net earnings for the second quarter ended March 13 totaled $12.3 million ($18.7 million Canadian), an increase of 14 per cent from a year earlier. Sales rose 6.3 per cent to $563.7 million.Profit for the first six months was $24.8 million, up 11.6 per cent from the previous year, while sales were $1.1 billion, an increase of 6.6 per cent.During the

MONTREAL (FNS) -- Metro-Richelieu Inc. here said net earnings for the second quarter ended March 13 totaled $12.3 million ($18.7 million Canadian), an increase of 14 per cent from a year earlier. Sales rose 6.3 per cent to $563.7 million.

Profit for the first six months was $24.8 million, up 11.6 per cent from the previous year, while sales were $1.1 billion, an increase of 6.6 per cent.

During the first half, capital expenditures were $25.3 million to renovate seven stores, e

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