Canadian National Income rises 42%

Broken Arrow Apr 22, 2005

  1. Broken Arrow

    Broken Arrow TrainBoard Member

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    The Canadian railroad operating company said net income rose to C$299 million, or C$1.04 a share, from C$210 million or 73 Canadian cents a share, a year earlier. Analysts polled by Thomson First Call on average expected earnings of 78 cents a share.Revenue rose 19% to C$1.7 billion, led by a 49% jump in metals and minerals, 26% rise in forest products and intermodal freight and an 18% growth in coal shipments.Automotive revenue dropped 6% as car makers cut production levels.

    Conversion of currency out of U.S. dollar-denominated sales cut revenue by C$60 million and net income by C$15 million,
    Canadian National

    Great Year for CN.

    Best regards,
    Swafford
     
  2. Skipper

    Skipper E-Mail Bounces

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    That is really good news. I hope they can keep up the pace.
     
  3. Nick Leinonen

    Nick Leinonen TrainBoard Member

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    and hunters pay goes up again... why can't mine go up...?
     

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