Metro Inc has enjoyed a strong fiscal third quarter of 2012, reporting on higher net earnings and sales for the period ended 30 June.

Net earnings for the quarter stood at C$144.4m, an increase of 13.6 per cent on the same period last year, when the figure came in at C$127.1m. Excluding a non-recurring tax expense of C$3m, adjusted earnings were C$147.4m.

Sales climbed 3.8 per cent during the three months, from C$3.57bn to C$3.7bn, while same-store sales grew slightly by 1 per cent.

'We are very pleased with our strong third quarter results, which reflect our efficient merchandising programmes, excellent cost control and strong execution,' said Eric La Fléche, president and chief executive officer at Metro.

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