June 13, 2011 / 10:36 PM / in 6 years

UPDATE 1-Marsulex Q1 profit rises 40 percent

* Q1 profit from cont ops C$6.7 mln vs C$4.8 mln yr ago

* Revenue rises 45.5 pct to C$80.3 mln (Follows alerts)

June 13 (Reuters) - Canada’s Marsulex Inc , which provides waste management and recycling services to industries, posted a 40 percent rise in profit, helped by growth at its environmental technologies segment.

Income from continuing operations was C$6.7 million ($6.8 million), or 20 Canadian cents per basic share, compared with C$4.8 million, or 15 Canadian cents per basic share, a year ago.

The company, which also provides air quality control services, said revenue rose 45.5 percent to C$80.3 million. Its environmental technologies segment posted revenue of C$28.4 million, compared with C$9.5 million, a year earlier.

Shares of the company closed at C$13.78 on Monday on the Toronto Stock Exchange. ($1 = 0.980 Canadian Dollars) (Reporting by Maneesha Tiwari in Bangalore; Editing by Maju Samuel)

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