Tim Hortons boasts $58.3M 4th-Q net income

OAKVILLE Ontario Tim Hortons Inc., parent company to the mostly franchised 3,047-unit namesake chain, posted a more than four-fold increase in fourth-quarter net income from a year earlier when its profit was hurt by impairment charges and additional expenses related to the company’s spin off from Wendy’s International Inc.

For the quarter ended Dec. 31, Tim Hortons earned $67.9 million Canadian, or US $58.3 million, versus profit of $16.4 million Canadian, or

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