×

Canada's Jean Coutu profit down, but revenue rises

Oct 10 (Reuters) - Canadian pharmacy chain Jean Coutu Group Inc reported a lower quarterly profit on Wednesday despite higher revenue, because the sale of an investment had boosted earnings in the year-earlier quarter.

Net profit for the second quarter that ended Sept. 1, fell to C$51.2 million ($52.3 million), or 23 Canadian cents a share, from C$66.4 million, or 29 Canadian cents, a year earlier.

Revenue rose to C$658.7 million from C$635.2 million. ($1 = $0.98 Canadian)

(Reporting by Allison Martell; Editing by Maureen Bavdek)

((allison.martell@thomsonreuters.com)(+1 416 941 8196)(Reuters Messaging: allison.martell.thomsonreuters.com@reuters.net))

Keywords: JEANCOUTU RESULTS/