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Canadian Pacific Railway net income up 318%
Friday, 20th April 2012
Canadian Pacific Railway's first-quarter net income jumped to $142m - an increase of 318% from the corresponding period in 2011.Diluted earnings per share rose by 310% to $0.82. President chief executive Fred Green said: €?Our record operating metrics are driving enhanced financial results, as evidenced by a strong first quarter performance.
"By aggressively executing on the 'multi-year plan', CP delivered an increase in revenues of $213m and an improvement in operating ratio of 1,050 bps during the quarter.€
Story provided by StockMarketWire.com
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