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Loblaw profit falls on higher labour costs
July 25, 2012 / 12:28 PM / 5 years ago

Loblaw profit falls on higher labour costs

July 25 (Reuters) - Loblaw Cos Ltd, Canada’s biggest grocer, reported a lowere second-quarter profit, hurt by an increase in labour and other operating costs.

Earnings fell to C$159 million, or 56 Canadian cents per share, in the quarter, from C$197 million, or 69 Canadian cents per share, a year earlier.

Sales at the company, majority-owned by George Weston Ltd , rose 1 percent to C$7.38 billion. (Reporting by Ankur Banerjee in Bangalore; Editing by Viraj Nair) .net))

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