Higher shipping volumes fuel 13% income jump, record gain during Canadian Pacific
Canadian Pacific Railway says income jumped 13 per cent in a second entertain to $1.6 billion.
The association says a boost from a same duration final year was due to increasing shipments of grain, coal, potash, appetite products and chemicals and plastics.
Net income for a 3 months finished Jun 30 rose 46 per cent to a record $480 million, or $3.27 per diluted share.
Adjusted gain per share rose 35 per cent to $2.77 per diluted share.
Canadian Pacific says the handling ratio — a magnitude of potency that balances income with losses — softened by 330 basement points to 58.7 per cent.
Article source: http://www.cbc.ca/news/business/canadian-pacific-earnings-1.4212997?cmp=rss