ETOBICOKE, Ontario -- Oshawa Group reported prolonged operational difficulties at its distribution facilities here, but said earnings from the Western region continued on a solid growth trend, and higher sales in drug store operations significantly improved results.
ian), or 21 cents (29 cents Canadian), from the same period a year ago.
The company said the earnings decline was attributable to Ontario and occurred in both retail/wholesale and food-service operations. Operations in the province face severe price competition, Oshawa said.
Oshawa said sales were spurred by recent food-service acquisitions. In February, the company acquired Scott National, a food-service distributor with annual sales of $314 million ($440 million Canadian), for $32.7 million ($45.8 million Canadian).
The company also acquired Neptune Food Services and six midsize food stores in the greater Montreal area.