09:59 AM EST - Jean Coutu Group Inc. : has swung to a first-quarter profit of $8.3 million after a year-ago loss of $142.5 million that was related to a huge writedown amid the sale of U.S. operations. Net earnings for the quarter ended Sept. 1 amounted to three cents a share, versus a loss of 54 cents per share a year ago, the Montreal-based company reported Tuesday. Canadian distribution centre sales showed double-digit growth, reaching $486.1 million, an increase of 11.4 per cent. Total Canadian revenue rose to $540.3 million from $487.8 million. Jean Coutu Group Inc.
shares T.PJC.A are trading down 27 cents at $13.05.
