THE Canadian Pacific Railway posted a first
half 47.7 per cent year-on-year net profit increase to C$1.15 billion (US$879 million)
drawn on revenues of C$3.74 billion, up 9.7 per cent.
Second
quarter net profit came in at C$724 million, up 66 per cent, drawn
on quarterly revenues of C$1.97 billion, an increase of 12.9 per cent. "I
commend the team for this record second-quarter performance," said CP
president and CEO Keith Creel.
"These results demonstrate the strength of precision
scheduled railroading and are a testament to our collective commitment to
deliver for our customers and the broader economy," he said.
"This quarter, we saw revenue growth across every
line of business, strong operating metrics, and our best-ever second-quarter
performance from a workload perspective, as measured by Gross Ton-Miles,"
said Mr Creel.
Source : HKSG.
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