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News from Reuters

Jean Coutu posts loss on Rite Aid provision

08/01/09

TORONTO (Reuters) - Jean Coutu Group reported a quarterly loss on Thursday as it recorded a preliminary provision related to the value of its investment in U.S. pharmacy company Rite Aid Corp .

The Canadian drug store chain reported a loss of C$399.2 million ($332.1 million), or C$1.66 a share, for the third quarter ended on November 29, compared with a year-earlier profit of C$9.5 million, or 4 Canadian cents a share.

($1=$1.20 Canadian)

(Reporting by Scott Anderson; Editing by Lisa Von Ahn)

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