CP Railway profit rises 20 pct on higher freight revenue

Wed Oct 24, 2012 7:41am EDT
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Oct 24 (Reuters) - Canadian Pacific Railway Ltd, Canada's second-biggest rail operator, reported a 20 percent increase in third-quarter profit as freight revenue increased.

Net income rose to C$224 million ($225.68 million), or C$1.30 per share, from C$187 million, or C$1.10 per share, a year earlier.

Revenue increased 8 percent to C$1.45 billion.