earnings for the quarter stood at $18.3 million, against $8.6 million last year.
For the six-month period ended June 30, net earnings amounted to $22.1 million, 93.8 per cent higher than the $11.4
million recorded in the year-earlier period.
The company attributed its robust growth to a rise in housing starts and a favourable economic climate. This growth was also
attributable to RONA's initiatives, for example, the opening of a 40th big-box outlet under the RONA Home & Garden
banner in Ottawa.
Other quarterly statistics show net earnings per share for Q2 2002 stood at $1.97 ($1.89 diluted) against $1.19 ($1.13
diluted) in 2001.
RONA's net consolidated sales the total sales of its distribution centres and corporate stores and franchises stood at
$717.8 million in the second quarter, an increase of 50.1 per cent over the corresponding year-earlier period.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter amounted to $46.4 million,
up 88.7 per cent over the same period a year earlier.
