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or Name
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CA



Imvescor Restaurant Group Inc
Symbol IRG
Shares Issued 50,432,209
Close 2015-09-03 C$ 2.17
Market Cap C$ 109,437,894
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Globe/CP say Imvescor delivers more profit in its Q3

2015-09-04 06:02 ET - In the News

The Globe and Mail reports in its Friday, Sept. 4, edition that the company that operates the Pizza Delight, Baton Rouge, Mikes and other restaurant chains in Eastern Canada says sales improved in its third quarter and net income rose by 39 per cent to $2.5-million. A Canadian Press dispatch to The Globe reports that Imvescor Restaurant Group ($2.17) says total sales by restaurants under its banners increased to $96.7-million from $95.9-million in last year's third quarter, an increase of 0.8 per cent. Sales at restaurants open for at a least a year grew by 1.2 per cent, compared with a 3.1-per-cent decline a year earlier. Imvescor's own revenue declined to $11.04-million from $11.51-million, but its profit improved to four cents a share from three cents a share or $1.78-million in the third quarter of 2014. As of the end of the quarter on July 26, Imvescor had 228 locations under its various banners in Atlantic Canada, Quebec and Ontario -- seven fewer than a year before. Imvescor says the third quarter demonstrated the potential of its strategic plan to improve sales and profitability. Chief executive officer Frank Hennessey says, "We are very encouraged by these results."

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