Feb 24 (Reuters) - Colabor Group Inc GCL.TO
* Colabor group reports its 2016 fourth quarter and year-end results
* Q4 same store sales fell 4.3 percent
* Qtrly consolidated sales $432.5 million versus $431.9 million
* Expect improved gross margins and organic growth in comparable sales in second half of 2017
* Qtrly earnings per share $0.00
* To optimize asset utilization and continue to cut costs, plan to close vaughan, ontario warehouse on april 30, 2017
* Expect improved gross margins, organic growth in comparable sales in second half of 2017, Source text for Eikon: ID:nCCN17F8Yb Further company coverage: GCL.TO
(Bangalore.newsroom@thomsonreuters.com)