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Company News

CN Rail quarterly profit jumps 27 pct

July 24 (Reuters) - Canadian National Railway reported a 27 percent jump in quarterly profit on Tuesday as the railroad moved higher volumes of commodities including grains and fertilizers.

The company, which named Jean-Jacques Ruest chief executive officer earlier on Tuesday, said net income rose to C$1.31 billion ($995.82 million), or C$1.77 per share, in the second quarter ended June 30 from C$1.03 billion, or C$1.36 per share, a year earlier.

The Montreal-based company said revenue rose to C$3.63 billion from C$3.33 billion. ($1 = 1.3155 Canadian dollars) (Reporting by Anirban Paul in Bengaluru; Editing by Anil D’Silva)

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