Sobeys parent reports higher Q3 net income, but lower adjusted earnings

Sobeys parent reports higher Q3 net income, but lower adjusted earnings
STELLARTON, N.S. — The company behind Sobeys and Safeway grocery stores reports its third-quarter sales and net income were higher than the same time last year, but adjusted earnings were down. Empire Company Ltd. of Stellarton, N.S., says its net income was $65.8 million or 24 cents per share in the 13 weeks ended Feb. 2. That’s up from $58.1... Read More

Quebecor Q4 profit rises to $116.8 million; adjusted earnings above estimates

Quebecor Q4 profit rises to $116.8 million; adjusted earnings above estimates
MONTREAL — Quebecor Inc. says its net income attributable to shareholders in the fourth quarter of 2018 was $116.8 million, up from $70.4 million in the year-earlier period. The profit amounted to 46 cents per basic share, up from 29 cents per basic share in the fourth quarter of 2017. Adjusted income from continuing operations was $132.7 million, or 52 cents per basic share,... Read More

Sunwing temporarily grounds Boeing 737 Max 8 aircraft for ‘commercial reasons’

Sunwing temporarily grounds Boeing 737 Max 8 aircraft for ‘commercial reasons’
MONTREAL — Sunwing Airlines is temporarily grounding its four Boeing 737 Max 8 aircraft in the wake of the Ethiopian plane crash that killed all 157 people on board. The Canadian low-cost airline says in a statement Tuesday night that it made the decision for “evolving commercial reasons” unrelated to safety, including airspace restrictions being imposed in other countries. Federal... Read More