ETOBICOKE, Ontario -- Oshawa Group here said sales increased in the fourth quarter and year ended Jan. 28.
n extraordinary charge associated with staff restructuring.
Sales rose 11.1% to $1.1 billion (U.S.) for the quarter and 6% to $4.3 billion for the year. (Figures were converted at a rate of $1.40 Canadian equals $1 U.S.)
Earnings for the 13-week quarter were $9.4 million, a 14.5% drop from the prior year. Earnings for 53 weeks were $38 million, up 6%.