September 8, 2011 / 12:57 PM / 6 years ago

UPDATE 1-Garda World Security Q2 profit falls

(Follows alerts)

Sept 8 (Reuters) - Canada’s Garda World Security Corp posted a 28 percent fall in its quarterly profit, hurt by investment costs as the company looks to expand its capacity.

The company, which provides armored cars, cash-handling services and automated teller machine maintenance, said the second-quarter net income fell to C$3.8 million ($3.8 million), or 12 Canadian cents a share, compared with C$ 5.3 million, or 17 Canadian cents a share, last year.

Revenue rose 6 percent to C$296.5 million.

Shares of the Montreal-based company closed at C$9.22 on Wednesday on the Toronto Stock Exchange. ($1 = 0.989 Canadian Dollars) (Reporting by Ankur Banerjee in Bangalore; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below