Dollarama announces higher profits, price ceiling

Dollarama will raise its highest price point to $5 from $4 over the coming year, despite growing profits. Net earnings for Q4 rose to almost $220-million, or $0.74 per share, compared to $173.9-million ($0.56) a year earlier. Sales of $1.2-billion represented an 11 percent increase from the previous Q4, as the discount retailer expanded its store network. Comp sales were up 5.7 percent.