* Q1 EPS C$0.10 vs C$0.05 last year
* Q1 sales up 12 pct to C$120.5 mln
May 11 (Reuters) - Rocky Mountain Dealerships Inc’s (RME.TO) first-quarter profit more than doubled, helped by strength in demand for new agricultural and construction equipment.
For the quarter ended March 31, the company posted a net income of C$1.8 million, or 10 Canadian cents a share, compared with a net income of C$728,000, or 5 Canadian cents a share, a year ago.
Rocky Mountain Dealerships, which sells, rents and leases new and used agriculture and construction equipment, said net sales for the quarter rose 12 percent to C$120.5 million.
Analysts on average were expecting earnings of 10 Canadian cents a share on revenue of C$125.6 million, according to Thomson Reuters I/B/E/S.
New equipment sales for the quarter rose 30 percent to C$61.9 million.
“We will continue to pursue highly accretive acquisitions,” Chief Executive Matt Campbell said in a statement.
Shares of the company closed at C$8.40 Monday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Ratul Ray Chaudhuri)