ALBERTA

Trimac Transportation reports record Q3 revenue of $95.3M; boosts profit to $5M

10/30/2012 04:08 EDT | Updated 12/30/2012 05:12 EST
CALGARY - Trimac Transportation Ltd. (TSX:TMA) says an increase in revenue contributed to higher year-over-year earnings in the third quarter.

The Calgary-based bulk trucking company says net profit in the quarter was almost $5 million or just under 18 cents per share. That was up from just under $4 million or 15.4 cents per share in the same 2011 period.

Consolidated revenue, including fuel surcharges, for the period ended Sept. 30 totalled $95.3 million, up $6.7 million or 7.6 per cent compared with the year-earlier period.

"We are extremely pleased with our results for the quarter and with how well the integration of our acquisitions and new business awards have occurred," president and CEO Edward Malysa said in remarks accompanying the earnings report.

Malysa said the company also expects a strong finish to the year as "we ramp up our new business awards and our rate increases take effect during the fourth quarter."

On the Toronto Stock Exchange, Trimac shares were up 12 cents, or 2.24 per cent, at $5.47.

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