February 24, 2011 / 2:02 PM / 7 years ago

UPDATE 1-CCL Industries posts Q4 profit

* Q4 profit C$14.5 mln vs yr-ago loss C$0.1 mln

* Sales down 3 pct (Follows alerts)

Feb 24 (Reuters) - Canadian label and package maker CCL Industries Inc posted a fourth-quarter profit, driven by strength at its tube and container units.

Net profit was C$14.5 million, or 43 Canadian cents per Class B share, compared to a net loss of C$0.1 million, last year.

Restructuring and other items had a nominal impact on fourth-quarter earnings, compared to a net loss of C$5.2 million in 2009, the company said.

Sales for the company — that provides packaging solutions to home and personal care, healthcare, and premium food and beverage markets — fell 3 percent to $281.3 million.

The company said economic recovery in North America and Europe gave its global consumer product customers confidence to increase marketing activity. (Reporting by Bhaswati Mukhopadhyay in Bangalore;Editing by Vyas Mohan)

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