Quarterly earnings grow 24% at Glentel

BURNABY – A 55% jump in sales helped to drive up third quarter profits at multi-carrier retailer Glentel. The Burnaby, BC-based retailer reported consolidated sales for the quarter ended September 30 of $149.74 million, up from $96,880,000 in the same period of 2010, while net income was $8.1 million compared to $6.55 million last year. Sales of retail mobile phone products and services in Glentel’s Retail Canada division grew 13% to $100.46 million compared to $88.97 million in 2010, while the U.S. division recorded sales of $41.23 million. "I am pleased to report continued growth of sales and earnings in...