PROVIGO SALES, NET RISE FOR CANADIAN OPERATIONS

MONTREAL -- Provigo here said its Canadian operations experienced increased sales and positive earnings for the third quarter and 40 weeks ended Nov. 4. Comparisons for both periods were impacted by Provigo's sale of its wholesale and retail operations in California to Kohlberg & Co., New York, in late November 1994, which resulted in a net operating loss and an unusual loss on disposal of shares of the U.S. subsidiary.

and 8.1% to $3.2 billion for the 40 weeks; however, sales in Canada rose 4% for the quarter and 3.4% for the 40 weeks. The company also said sales in its food store sector were up 7.3% for the quarter and 6% for the year to date. According to Pierre L. Mignault, president and chief executive officer, "Our development plan and cost-control programs continued to bear fruit."

3RD-QUARTER RESULTS

Qtr Ended 11/4/95 11/5/94

Sales $976.2 million $1.05 million

Change - 6.7%

Net Income $10.4 million ($102 million)

Inc/Share 11 cents ($1.19)

40 Weeks 1995 1994

Sales $3.2 million $3.5 million

Change - 8.1%

Net Income $36.3 million ($83.2 million)

Inc/Share 38 cents ($1.01)

Note: All figures in U.S. dollars. $1 U.S. equals $1.36 Canadian.