* Q4 rev up 17 pct
* Expenses rise 24 pct
March 14 (Reuters) - Grain handling equipment maker Ag Growth International Inc’s quarterly profit fell partly hurt by higher operating expenses.
October-December profit fell to C$1.9 million, or 15 Canadian cents a share, compared with C$3.6 million, or 27 Canadian cents a share, last year.
However, revenue rose 17 percent to C$54.9 million.
The company’s expenses rose 24 percent to C$9.4 million from a year ago.
Ag Growth said it expects modest growth in sales of portable grain handling equipment and forecast capital expenditure to be flat in 2011. Last year the company had a capital expenditure of C$3.3 million.
The company also said its order backlog for commercial equipment is considerably higher than the year-ago period.
Shares of the company closed at C$50.07 on Friday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Gopakumar Warrier) (Reporting by Aftab Ahmed in Bagalore)