A Record Year for Groupe Jean Coutu.LONGUEUIL, Quebec--(BUSINESS WIRE)--Sept. 23, 1996--GROUPE JEAN COUTU Jean Coutu could be:
Antonym: dec. .(ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :PJC PJC Permanent Joint Council (forum for NATA-Russia Consultations) PJC Prayer for Judgment Continued (legal term) PJC Pioneer Junior College (Singapore) .A) Groupe Jean Coutu (PJC) Inc., which in 1996 is marking its tenth anniversary as a public company traded on the Montreal and Toronto Stock Exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. , achieved a record income level of $1.614 billion for the 1995-1996 fiscal year, a 27 percent increase over the figure for the previous fiscal year. The group also recorded the highest net business income in its history: $46.4 million or $0.88 per share, an increase of 4 percent compared to the 1994-1995 fiscal year. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the group's chairman of the board and chief executive officer, "The performance in the last fiscal year is all the more noteworthy given the difficult conditions prevalent in the pharmacy industry, a phenomenon seen on both sides of the border. Consequently, long-term perspectives are excellent for Groupe Jean Coutu. Although our industry has been confronted with new constraints in recent years, our sector has remained rich in opportunities." Furthermore, the sales volume and other income generated by the group's Canadian operations increased by 4.5 percent during the last fiscal year, totalling $822 million, or 50.9 percent of consolidated revenue. Retails sales in the network of Jean Coutu franchises totalled $1.467 billion, compared to $1.405 billion in 1994-1995. The 4.4 percent increase is attributable mainly to internal growth, since the network includes only one more outlet than it did in the previous fiscal year. Revenue for American operations totalled $792.2 million in Canadian funds, contributing a 49,1 percent share to the group's consolidated revenue. Combined with internal growth, the integration of results for the Brooks network for the entire year (compared to seven months in 1994-1995) led to a very significant increase of 63 percent in sales volume. Income from operations stands at $30.6 million, compared to $21.2 million for the previous fiscal year. As a franchiser, Groupe Jean Coutu, which employs close to 9,000 individuals in 229 franchise outlets, including 195 in Quebec, 15 in New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. and 19 in Ontario, manages the second largest retail chain in its sector in Canada. It also owns and operates 237 Brooks Pharmacy outlets in five states in New England. CONTACT: Groupe Jean Coutu (PJC) inc. Mylene Godin, 514/842-1433, (350) |
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