June 2, 2011 / 11:40 AM / in 7 years

UPDATE 1-Stella Jones Q1 profit rises on railway tie sales

* Q1 EPS C$0.53 vs C$0.45

* Q1 sales up 31.3 pct to C$130.5 mln (Follows alerts)

June 2 (Reuters) - Stella-Jones Inc, a maker of treated wood products, reported a 47 percent rise in first-quarter profit helped mainly by stronger railway tie sales.

The Canadian company, which makes poles and railroad ties by treating wood it buys from sawmills, reported a net income of C$8.5 million, or 53 Canadian cents a share, compared with C$5.8 million, or 45 Canadian cents a share, a year ago.

Sales rose 31.3 percent to C$130.5 million, as railway tie sales nearly tripled to $76.5 million.

Shares of the Montreal, Quebec-based company closed at C$35.5 on Wednesday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Roshni Menon)

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