Positive quarter for Rona

Rona, the Canadian home improvement group, increased sales by 9.1 per cent in the second quarter on the same period last year to C$ 1.469 bn (€ 1.017 bn). Growth amounted to 1.4 per cent in like-for-like terms. Net profit rose by 7.7 per cent to C$ 85.2 mio (€ 59.00 mio) over this period. The group reports a sales increase of 9.5 per cent to C$ 2.348 bn (€ 1.626 bn) for the first six months, or 0.2 per cent like-for-like. Net profit was 1.2 per cent down at C$ 95.2 mio (€ 65.9 mio).