Metro Inc has released its results for the fourth quarter of the fiscal year ended 29 September 2012, with growth in adjusted net earnings and year-on-year sales.
Adjusted net earnings for the quarter stood at C$123.4m (US$, up 27.8 per cent on 2011, helping push full-year adjusted net earnings up 18.3 per cent to C$470.6m.
Sales grew 11.1 per cent year-on-year, up to C$2.94bn, while sales for the full-year climbed 5.4 per cent on 2011 to C$12bn.
'We are very pleased with our strong fourth quarter and fiscal 2012 performance, resulting from our team's excellent execution, effective cost control and sustained investments in our network,' said president and CEO Eric La Fléche.
