December 12, 2013 / 12:37 PM / 4 years ago

Canadian travel operator Transat's quarterly profit triples

(Reuters) - Canadian travel operator Transat AT Inc's TRZa.TO TRZb.TO quarterly profit more than tripled as better pricing boosted margins.

The company's net profit rose to C$54.7 million ($51.5 million), or C$1.40 per share, in the fourth quarter ended October 31 from C$16.6 million, or 43 Canadian cents per share, a year earlier.

Revenue rose 6 percent to C$808.6 million.

($1 = 1.06 Canadian dollars)

Reporting by Ashutosh Pandey in Bangalore; Editing by Kirti Pandey

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