Dollarama is just flying as it announces another upward curve in profit. This time the net profit of $49.8-million in its second quarter, leaping an astonishing 32% from the comparable period last year. Dollarama plant to open stores and raise prices is clearly paying off. The profit was 66 cents per diluted share in the 13 weeks ended July 29, up from $37.6 million or 50 cents per share in the comparable period last year. Dollarama’s revenue was up 13.8%, rising to $441 million from $387.5 million for the corresponding period last year. Dollarama originally sold products for a dollar each but now offers items of up to $3 — a move that has helped boost its revenue and margins.
