March 12, 2009 / 12:25 PM / 9 years ago

UPDATE 1-Stella-Jones Q4 profit rises

* Q4 profit C$0.50/shr vs estimates of C$0.36/shr

* Sales rise 72.9 pct

March 12 (Reuters) - Maker of wood utility poles Stella-Jones Inc (SJ.TO) posted a better-than-expected fourth-quarter profit, helped by lower energy prices and weaker Canadian dollar.

Earnings rose about 42 percent to C$6.3 million, or 50 Canadian cents a share, compared with C$4.4 million, or 35 Canadian cents a share, a year earlier.

Analysts on average expected a profit of 36 Canadian cents a share on revenue of C$78.90 million, according to Reuters Estimates.

Revenue of the company was up 73 percent to C$83.7 million, driven by increased sale of its wood railway tie and wood utility pole segments, the company said in a statement.

Shares of the company closed at C$15.29 on Wednesday on the Toronto Stock Exchange. (Reporting by Richa Dubey in Bangalore; Editing by Anil D‘Silva) ((richa.dubey@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging:richa.dubey.reuters.com@reuters.net))

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