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Empire Co. Q2 Profit Grows on Sobeys Purchase
STELLARTON, N.S. -- In the wake of taking No. 2 Canadian retailer Sobeys private in June, Empire Co. Ltd. posted second-quarter net income of 4.7 percent to CAN $58.4 million (US $57.3 million), or 89 cents a share, up from CAN $55.8 million (US $54.7 million), or 85 cents a share.