Dollarama reports $179.9M Q1 profit, up from $145.5M a year ago, sales up 20.7%

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MONTREAL — Dollarama Inc. says it earned $179.9 million in its latest quarter, up from $145 .5 million in the same quarter a year earlier, as its sales gained 20.7 per cent. The retailer says its profit amounted to 63 cents per diluted share for the quarter ended April 30, up from 49 cents per diluted share a year earlier. Sales in what was the company's first quarter totalled $1.29 billion, up from $1.07 billion in the same quarter last year. The increase came as comparable store sales grew 17.