MONTREAL -- For the fourth consecutive year, Metro-Richelieu here reported increased sales and earnings. For the year ended Sept. 24 net income rose 42% to $27.3 million (U.S.), while sales increased 4.9% to $2.1 billion. Conversions to U.S. dollars were made at the rate of $1.36 Canadian equals $1 U.S.
as our continuing efforts to reduce operating costs," said L.G. Serge Gadbois, vice president of finance.
Denyse Chicoyne, a securities analyst with Nesbitt Burns, Montreal, sa