Skip to content

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.




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)

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.
WP Twitter Auto Publish Powered By :