Empire Company Limited (TSX: EMP.A) today announced financial results for its fourth quarter and fiscal year ended May 1, 2010. For the quarter, the Company recorded earnings before capital gains (losses) and other items of $71.9 million ($1.05 per share) compared to $62.9 million ($0.95 per share) in the fourth quarter last year. Net earnings for the fourth quarter were $73.5 million ($1.07 per share) compared to $62.1 million ($0.94 per share) recorded in the fourth quarter last year.
Fiscal 2010 earnings before capital gains (losses) and other items were $284.5 million ($4.15 per share) compared to $261.7 million ($3.97 per share) last year. Net earnings for fiscal 2010 were $301.9 million ($4.40 per share) compared to $264.7 million ($4.02 per share) recorded last year.
