LONGUEUIL, Quebec -- With its U.S. and Canadian operations chalking up gains, Jean Coutu Group cranked out double-digit increases in revenues and earnings during the third quarter of fiscal 2000.
Net income for the three months ended February 29 grew 17.4% to $23.6 million (Canadian), up from $20.1 million a year earlier. Revenues rose 11.7% to $653.4 million from $585.1 million during the third quarter of 1999.
Over the first nine months of the year net income advanced 19.3% to $64.2 million from $53.8 million in fiscal 1999 on a 12.4% increase in revenues to $1.9 billion from $1.69 billion.
Bottom-line growth in both periods was aided by a lower …
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