Auto parts distributor Uni-Sélect Inc. reported a 50-per-cent increase in earnings Tuesday, helped by a strong performance at its U.S. operations and despite the closure of some of its stores.

Montreal-based Uni-Sélect said earnings rose to $10.8-million or 55 cents a share, from $7.2-million or 37 cents a year earlier.

Adjusted earnings per share from continuing operations, excluding foreign exchange movements, were 63 cents, compared with 71 cents a year earlier.

Revenue at Uni-Sélect, which operates in Canada and the United States, fell 3.7 per cent to $309.4-million because of the conversion of its U.S. results into Canadian dollars and the sale of some corporate stores.

Reuters