January 29, 2019 / 9:10 PM / 23 days ago

CN Rail's quarterly adjusted profit jumps 22 pct

Jan 29 (Reuters) - Canadian National Railway Co's quarterly adjusted profit rose 22 percent as the country's top railroad operator transported higher volumes of petroleum crude and Canadian grain.

The Montreal-based company said on Tuesday adjusted net income rose to C$1.09 billion ($820.8 million) or C$1.49 per share in the fourth quarter ended Dec. 31, from C$897 million or C$1.20 per share a year earlier.

CN had recorded an income tax gain of C$1.76 billion in the same period last year.

$1 = 1.3279 Canadian dollars Reporting by Shanti S Nair in Bengaluru; Editing by Sai Sachin Ravikumar

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below