09:44 AM EST - Reitmans Canada Ltd. : posted fourth-quarter net income of $8.98 million or $0.13 per share, compared to $37.04 million or $0.52 per share in the prior year period. Excluding the settlement of the Québec income tax reassessments, net earnings were $8.98 million or $0.13 per share, compared to $28.50 million or $0.40 per share last year. Sales for the fourth quarter decreased 2.9 per cent to $261.80 million, compared to $269.61 million in the previous year period. Same store sales for the period decreased 5.6 per cent. Reitmans Canada Ltd.
shares T.RET are trading down $0.60 at $9.40.
