The parent company of the Loblaw grocery chain is reporting an almost 36 per cent increase in revenue in the third quarter compared to a year ago.
However, much of that comes from the acquisition of Shoppers Drug Mart.
Loblaw Companies Limited reports once the Shoppers impact is factored out, revenue was up by 2 per cent from 2013.
The company says it realized about 44 million dollars o what it calls net synergies associated with the Shoppers acquisition.
The quarterly report says adjusted basic net earnings were up just over 23 per cent.
When charges related to the Shoppers deal are factored in, Loblaw Companies Limited basic net earnings fell from last year's 53 cents a common share to this year's 34 cents.
