July 28, 2010 / 9:45 PM / in 8 years

UPDATE 1-Canada's Marsulex Q2 profit down

* Q2 EPS C$0.24/basic shr vs C$0.53 year ago

* Q2 rev down 9.4 percent to C$81 mln

July 28 (Reuters) - Canada’s Marsulex Inc MLX.TO, which provides environmental compliance solutions to various industries, posted a 54 percent fall in quarterly profit, hurt by weakness in its industrial services segment.

The company posted net income of C$7.9 million, or 24 Canadian cents a basic share, compared with net income of C$17.3 million, or 53 Canadian cents a basic share, a year ago.

Revenue for the quarter fell 9.4 percent to C$81 million.

The company said industrial services EBITDA for the quarter fell about 7 percent to $12.7 million.

On March 23, Marsulex said it began a review of strategic options, including a sale of all or part of its business. [ID:nSGE62M0HY]

Shares of Toronto-based Marsulex closed at C$11.24 Wednesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Aradhana Aravindan)

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