NORTH WEST COMPANY REPORTS INCREASED SALES

WINNIPEG, Manitoba -- The North West Company Fund here, operators of 169 stores in rural areas of Canada and Alaska, said sales and earnings rose for the first quarter ended May 1, despite the shutdown of 19 underperforming stores during 1998.t said overall sales rose 0.3% to $97.2 million (U.S., at an exchange rate of $1 equals $1.4999 Canadian) and same-store sales increased 0.4%, while net income

WINNIPEG, Manitoba -- The North West Company Fund here, operators of 169 stores in rural areas of Canada and Alaska, said sales and earnings rose for the first quarter ended May 1, despite the shutdown of 19 underperforming stores during 1998.

t said overall sales rose 0.3% to $97.2 million (U.S., at an exchange rate of $1 equals $1.4999 Canadian) and same-store sales increased 0.4%, while net income rose 84.7% to $3.5 million, following an unusual item in last year's first quarter.

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