11:47 AM EST - Dollarama Inc. : reported that its fourth-quarter net earnings were $34.0 million or $0.45 per share, compared to $6.5 million or $0.15 per share for the fourth quarter last year. Excluding the tax-adjusted non-recurring charges incurred in the fourth quarter of the previous fiscal year, Dollarama generated Normalized net earnings of $7.0 million or $0.16 per share for the fourth quarter last year, whereas there were no non-recurring charges recorded in the fourth quarter of fiscal year 2010. Sales increased 15.4% to $364.1 million from $315.5 million in the corresponding period in 2009. Fourth-quarter sales growth was driven by the opening of 39 net new stores during the fiscal year as well as a 9.3% increase in comparable store sales over the fourth quarter of last year. Dollarama Inc.
shares T.DOL are trading up $1.41 at $24.12.
