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Leon's Q4 Profit Up 15 percent
By Home Furnishings Business in on February 2006
Toronto-based furniture and appliance retailer Leon's Furniture is raising its quarterly dividend and making a special payout after reporting strong growth in sales and profit in its latest fourth quarter, boosting net income about 15 percent to $19.7 million.
The profit amounted to $1.04 per share diluted and compared to net income of $17.1 million or 89 cents a share in the same period last year.
Total sales jumped 8.3 percent to $224.8 million in the three months ended Dec. 31, from $207.5 million in the comparable period a year before.