Canadian retailer Loblaw's quarterly profit rises 25.5 pct
Nov 16 (Reuters) - Canadian grocery and pharmacy retailer Loblaw Cos Ltd reported a 25.5 percent rise in quarterly profit, helped by a drop in expenses and improved performances by its financial services and property businesses.
Adjusted net earnings attributable to shareholders rose to C$512 million ($380 million), or C$1.26 per share, in the third quarter ended Oct. 8, from C$408 million, or 98 Canadian cents per share, a year earlier.
Revenue rose 1.4 percent to C$14.14 billion due to lowered prices.
($1 = 1.3486 Canadian dollars) (Reporting by John Benny in Bengaluru; Editing by Martina D'Couto)