Coop fédérée turns around earnings

MONTREAL — La Coop fédérée unveiled results for the fiscal year ending October 28, 2017, at its Annual General Meeting this week. As in the previous year, revenues surpassed the $6 billion mark; operating earnings amounted to $319 million. The BMR business, with La Coop acquired in 2015, posted earnings of $1.1 million, an increase of $30 million from the previous year’s $29 million loss. “For us and our merchants, the economic indicators and housing starts are very positive,” said Pascal Houle, CEO of Groupe BMR.