March 18 (Reuters) - Canadian department store operator
Sears Canada Inc SCC.TO swung to a quarterly profit, helped by
a gain on the termination of a credit card agreement.
Net income for the quarter ended Jan. 30 was C$30.9 million
($24 million) compared with a loss of C$123.6 million a year
earlier.
Sears Canada booked a gain of C$170.7 million from the sale
of JPMorgan (NYSE:JPM) & Chase Co's JPM.N Canadian credit card portfolio
associated with the store operator.
Revenue fell 8.7 percent to C$887.6 million.
($1 = 1.2978 Canadian dollars)