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Trimac’s 4Q Income Dips; Full Year Improves
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Canada-based transportation firm Trimac Income Fund earned C$3.1 million or 8 cents per unit in the fourth quarter, down from C$5.7 million or 13 cents a year earlier.
Revenue dipped to C$79.8 million from C$85 million a year earlier, Trimac said late Thursday.Trimac does not include its U.S. operations in its publicly stated earnings, which only encompass its Canadian operations.The company’s full-year earnings improved to C$17 million or 38 cents per unit, up from C$15.4 million or 33 cents a year earlier.Trimac Transportation System is ranked No. 43 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
