Clarke Swings to 3Q Profit

Canadian holding company Clarke Inc. posted a third-quarter profit, turning around a loss from a year ago.

Net income was C$11.9 million, or 71 cents a share, compared with a loss of C$16.3 million, or 81 cents, a year ago. Revenue rose to C$71.4 million from C$41.9 million.

Its freight unit’s earnings before interest taxes depreciation and amortization fell to C$5.5 million from $6.5 million, while revenue rose to C$48.5 million, from C$48.1 million.

Ontario-based Clarke, which operates in truckload and less-than-truckload sectors via its Clarke Transport unit, also has a home heating segment.