Metro Inc., Canada’s third-largest supermarket business, reported a 3.3 per cent increase in sales, but a 12.8 per cent decline in net revenues last year.
Profits took a hit because its frozen foods distribution centre in Toronto was down for several months.
The company said its prices increased less than the national five per cent food inflation rate last year, but did say what its percentage increase was.
When it posted its financials for the year, it also announced an increase in dividends for shareholders.
