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The North West Company Inc. Announces First Quarter Earnings and a Quarterly Dividend
The North West Company Inc
Winnipeg, Manitoba, CANADA
WINNIPEG, Manitoba, June 09, 2021 (GLOBE NEWSWIRE)
(TSX: NWC): The North West Company Inc. (the Company or North West ) today reported its unaudited financial results for the first quarter ended April 30, 2021. It also announced that the Board of Directors have declared a dividend of $0.36 per share to shareholders of record on June 30, 2021, to be paid on July 15, 2021.
Growth continued in our first quarter with some banners up strongly, even compared to their exceptional results in the first quarter of 2020. Our cost structure is leaner and our retail businesses are more profitable and less volatile as a whole, after the divestiture of most of our Giant Tiger stores last year. In addition, our air cargo business achieved another quarter of high utilization, offsetting the ongoing weak ....

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