Cargojet Inc. reported third-quarter net earnings of $19.1 million, up from $8.8 million in the same quarter last year.
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Cargojet Inc. says it more than doubled its profit in the third quarter compared with the same period last year. The company reported net earnings of $19.1 million for the quarter, up from $8.8 million a year earlier.
Cargojet reported diluted earnings per share of $1.28, compared with 58 cents in the prior-year quarter.
Total revenue for the quarter reached $286.5 million, rising year over year from $219.9 million in last year’s third quarter.
CEO Pauline Dhillon said the company remains focused on pursuing strategic international growth opportunities.
She also said Cargojet will ramp up operations to meet increasing customer demand as the company enters its fourth-quarter peak season.
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