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Company News

Canadian Pacific Railway reports 33% rise in profit

July 16 (Reuters) - Canadian Pacific Railway reported a 33% rise in adjusted quarterly profit on Tuesday, as the country’s second-largest railroad operator earned more from moving energy, chemicals, plastics as well as grains.

Adjusted income rose to C$602 million ($461.87 million), or C$4.30 per share, in the second quarter ended June 30, from C$453 million, or C$3.16 per share, a year earlier.

$1 = 1.3034 Canadian dollars Reporting by Shradha Singh in Bengaluru; Editing by Shinjini Ganguli

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