Canadian Pacific's quarterly revenue drops 9.1 pct
Oct 19 (Reuters) - Canadian Pacific Railway Ltd , Canada's No.2 railroad operator, reported a 9.1 percent drop in quarterly revenue on Wednesday, due mainly to a delayed grain harvest and lower crude oil volumes.
However, lower costs helped the company post a 7.4 percent rise in quarterly profit.
Revenue fell to C$1.55 billion ($1.18 billion) in the third quarter ended Sept. 30 from C$1.71 billion a year earlier.
CP's profit rose to C$347 million, or C$2.34 per share, from C$323 million, or C$2.04 per share, in the same period last year.
The company also named interim Chief Financial Officer Nadeem Velani as permanent CFO. ($1 = 1.3085 Canadian dollars) (Reporting by John Benny in Bengaluru)
© Thomson Reuters 2016 All rights reserved.