Mullen's 4Q, Full-Year Profits Improve


2/23/2012 11:45:00 AM
Write a Letter to the Editor



Print This
 

Canadian transportation firm Mullen Group’s fourth-quarter and full-year operating income rose on higher demand at its oilfield services unit.

Operating income for the quarter rose 45% to C$83.8 million, the company said late Wednesday.

Fourth-quarter revenue rose 33% to C$394.1 million, led buy gains in oilfield services and its trucking and logistics segment.

Operating income for the year rose 43% to C$288 million, led by a $61.3 million gain in its oilfield services segment to in a $21.2 million increase in its trucking/logistics segment.

Full-year revenue rose 33.5% to C$1.4 billion.

Adjusted full-year net income was C$125.4 million, or C$1.57 per share, up from C$60.7 million, or 76 cents, in 2010.

Mullen Group is ranked No. 56 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2012, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

Mullen’s 4Q, Full-Year Profits Improve (2/23/2012 11:45:00 AM)
Pilot Flying J to Acquire Western Petroleum (2/22/2012 2:00:00 PM)
Brenntag Expands DEF Distribution in Canada (2/21/2012 7:45:00 AM)
Debate, Vote Postponed on Highway Funding Bill (2/20/2012 2:00:00 AM)
TNT Rejects UPS’ $6.4 Billion Bid (2/17/2012 5:30:00 PM)
Canadian National Opens Wisconsin Intermodal Terminal (2/16/2012 8:00:00 AM)
 

JOIN OUR NEWSLETTER
We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.