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Article: Strong increase in first quarter net earnings for Alimentation Couche-Tard.(Financial report)
- Article from:
- Economics Week
- Article date:
- September 11, 2009
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Alimentation Couche-Tard Inc's first quarter net earnings were positively affected by earnings stemming from sound management by Couche-Tard of its operating expenses, acquisitions, an increase in same-store merchandise revenues and motor fuel volume, a decrease in expenses related to electronic payment modes created by the lower motor fuel retail price, a decrease in financial expenses as well as a lower effective income tax rate. These positive items were partially offset by the weakening Canadian dollar and a slight decrease in merchandise and service consolidated gross margin.
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