In Canada, Metro Inc has announced an increase in year-on-year profit for the fiscal fourth quarter of 2008, up to C$72.3m (US$58.6m) from C$57.6m (US$46.6m) in 2007.

The results equated to C$0.64 per share, up from C$0.49 per share during the corresponding period of 2007.

Group revenue for the quarter was C$2.48bn (US$2bn), a slight increase of 1.8 per cent on the previous year's C$2.43bn (US$1.96bn).

The results included costs related to the Metro's acquisition of A&P Canada.