Thursday, June 28, 2007

Empire reports lower profit, raises dividend

(Reuters) - TORONTO, June 28 - Empire Co. Ltd. , which earlier this month completed a deal to take majority-held grocery chain Sobeys Inc. private, reported a lower fourth-quarter profit on Thursday, but raised its dividend by 10 percent.



The Stellarton, Nova Scotia-based company said it earned C$64.5 million , or 98 Canadian cents a share, for the three months ended May 5, compared with C$118.4 million, or C$1.80 a share, in the same quarter a year earlier.


Read more at Reuters.com Market News

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