A Canadian National Railway train travels eastward on a track in Montreal, February 22, 2015. REUTERS/Christinne Muschi/File Photo
January 29, 2019
(Reuters) – Canadian National Railway Co’s quarterly adjusted profit rose 22 percent as the country’s top railroad operator transported higher volumes of petroleum crude and Canadian grain.
The Montreal-based company said on Tuesday adjusted net income rose to C$1.09 billion ($820.8 million) or C$1.49 per share in the fourth quarter ended Dec. 31, from C$897 million or C$1.20 per share a year earlier.
CN had recorded an income tax gain of C$1.76 billion in the same period last year.
(Reporting by Shanti S Nair in Bengaluru; Editing by Sai Sachin Ravikumar)
