March 14, 2011 / 11:00 AM / 7 years ago

UPDATE 1-Churchill Q4 rises as contract revenue doubles

* Contract revenue surges to C$389.7 mln

* Says gets $185 mln in new contracts in 2011 (Follows alerts)

March 14 (Reuters) - Churchill Corp reported higher quarterly results as revenue from its contract segment more than doubled, and the construction company said it was awarded $185 million in new contracts in 2011 across Western Canada.

For the October-December quarter, earnings rose to C$14.6 million, or 58 Canadian cents a share, from C$7.7 million, or 42 Canadian cents a share, in the year-ago quarter.

Contract revenue more than doubled to C$389.7 million, the company said in a statement.

Shares of the Calgary, Alberta-based company closed at C$18 on Friday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Don Sebastian)

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