RONA turns around losses in second quarter

BOUCHERVILLE, Que. — RONA reported net income of $42 million in the second quarter, compared to a net loss of $144.7 million during the same period last year.

Second quarter revenues stood at $1.19 billion in 2014 versus $1.25 billion in 2013. The $55.5 million or 4.4% decline is a result of a $37.4 million or 4.2% decrease in retail segment and an $18 million decrease or 5.2% in the distribution segment…

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