Ourbis Communications Inc.
Canadian carrier Contrans Group’s second-quarter profit rose, in part on the sale of its waste-collection segment, the company said.
Net income rose to C$10 million, or 29 cents a share, from C$7.4 million, or 22 cents, a year earlier.
Revenue rose to C$153.7 million, from $C132.6 million, the Woodstock, Ontario-based company said.
The sale of the waste-collection business generated about $70 million in proceeds and an after-tax gain of $26.3 million, according to the company.
The Contrans recently agreed to be acquired by fellow Canadian carrier TransForce Inc. for about C$495 million.