RONA Inc. (RON.TO) Thursday said fourth-quarter loss narrowed, mainly on higher revenues.
Net loss attributable to participating shares narrowed to C$17.93 million or C$0.15 per share from C$153.58 million or C$1.19 per share in the same period last year.
Net income, excluding unusual items and non-recurring items, for the quarter was C$6.6 million or C$0.05 per share.
On average, four analysts polled by Thomson Reuters expected the company to earn C$0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled C$1.20 billion, up 2.2 percent from C$1.17 billion last year. Analysts expected revenues of C$1.19 billion.
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