Friday, August 3, 2007

Jean Coutu posts loss on US charges, ups dividend

(Reuters) - OTTAWA, Aug 3 - Canadian drug store chain Jean Coutu Group said on Friday it swung to a fourth-quarter loss as it accounted for charges from the sale of its U.S. network to Rite Aid Corp. , but it raised its quarterly dividend.



The company said it lost $6.9 million, or 3 cents a share, in the quarter, down from a profit of $30.3 million, or 12 cents a share, in the same period last year.


Read more at Reuters.com Market News

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