A day after announcing plans to buy its closest competitor, Leon's Furniture Ltd. says profit fell and sales were flat in the latest three-month period.
The Toronto-based furniture warehouse chain said earnings declined 15 per cent to $13 million, or 19 cents a share, in the quarter ended Sept. 30.
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Leon's Furniture Gets TSX Approval To Repurchase Common Shares
September 6, 2012
9/6/2012 1:58 PM ET
(RTTNews) - Leon's Furniture Limited (LNF.TO:Quote) said Thursday it has received approval for a common share repurchase programme on The Toronto Stock Exchange.
The company said it plans to repurchase for cancellation a maximum of...