August 9, 2011 / 11:43 AM / 6 years ago

UPDATE 1-Rocky Mountain Q2 profit soars on Alberta equipment demand

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Aug 9 (Reuters) - Canada’s Rocky Mountain Dealerships Inc , a construction and agriculture equipment broker, reported a 44 percent rise in second-quarter profit On equipment demand from Alberta.

April-June net profit rose to C$4.5 million ($4.5 million), or 23 Canadian cents a share, from C$3.1 million, or 17 Canadian cents a share, a year ago.

Revenue for the company, which sells, rents and leases new and used construction and agriculture equipment, rose 49 percent to C$217.9 million.

Rocky Mountain also named a new chief financial officer effective Aug. 8.

Shares of the Calgary, Alberta-based company closed at C$8.65 on Monday on Toronto Stock Exchange. ($1 = 0.990 Canadian Dollars) (Reporting by Ankur Banerjee in Bangalore; Editing by Joyjeet Das)

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