Q4 net loss totalled more than $900 million
Empire Company Ltd. (TSE:EMO), parent of the Sobeys supermarket chain, has reported a massive fourth-quarter net loss of more than $900 million, citing challenges related to its Canada Safeway acquisition in Western Canada.
The company reported a loss of $942.6 million or $3.47 per diluted share, compared with a net profit of $55.4 million or 20 cents per share in last year’s fourth quarter.
Read the full article at: ca.finance.yahoo.com
