January 18, 2017 / 9:12 PM / 10 months ago

Canadian Pacific posts 20.4 pct rise in profit, appoints new CEO

Jan 18 (Reuters) - Canadian Pacific Railway Ltd , Canada’s No. 2 railroad operator, reported a 20.4 percent jump in quarterly profit on Wednesday, and said Keith Creel will become the company’s chief executive, replacing Hunter Harrison.

CP’s profit rose to C$384 million ($290 million), or C$2.61 per share, in the three months ended Dec. 31, from C$319 million, or C$2.08 per share, a year earlier.

Revenue fell about 3 percent to C$1.6 billion. ($1 = C$1.33) (Reporting by Gayathree Ganesan and Ahmed Farhatha in Bengaluru; 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