July 29, 2009 / 9:02 PM / 8 years ago

UPDATE 1-IESI-BFC posts smaller Q2 profit on lower volumes

* Q2 EPS $0.18 vs $0.25 year-ago

* Q2 revenue falls to $253.7 mln

July 29 (Reuters) - Canadian waste management company IESI-BFC Ltd BIN.TO reported lower quarterly profit, as the company recycled lower volumes of industrial waste in Canada and the United States.

For the second quarter, the company posted net income of $15.1 million, or 18 cents a share, compared with $17.4 million or 25 cents a share, a year ago.

Revenue fell 9 percent to $253.7 million.

The company said its volumes dropped 1.1 percent in Canada and 4.4 percent in the United States.

Shares of the company closed down 5 Canadian cents at C$14.25 Wednesday on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Anne Pallivathuckal)

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