10:25 AM EST - The Forzani Group Ltd. : has reported a 24 percent rise in holiday-quarter profit to record levels, despite a dip in sporting-goods sales blamed on mild weather in Eastern Canada. Full-year net income increased by 2½ times to $35.2 million or $1.04 per share from $13.8 million or 42 cents a share. Annual sales swelled 12 percent to $1.26 billion, from $1.13 billion, as sales at stores open a year or more rose 5.4 percent. Fourth-quarter revenue was $353.2 million in the 13 weeks ended Jan. 28, up three percent from $342.2 million in the year-earlier period. The Forzani Group Ltd.
shares T.FGL are trading up 90 cents at $19.94.
