Feb 26, 2013 / 6:52 am
Ritchie Bros. Auctioneers Inc. (TSX:RBA) reports it had $22.1 million or 21 cents per share of profit in the fourth quarter, a 16 per cent decline from the year-earlier period.
The Vancouver-based company's revenue from auction services improved to $117.1 million
However, earnings from operations fell to $33.1 million from $38.8 million as overhead expenses increased. Other sources of income also fell year-to-year.
In the fourth quarter of 2011, revenue had been $113.4 million and net income was $26.8 million or 25 cents per share. The company says the profit would have been higher but for costs related to the acquisition of AssetNation.
For the full year ended Dec. 31, Ritchie Bros. reported $79.5 million of net income or $82.6 million of adjusted net income, equal to 74 cents or 77 cents per share respectively on a diluted basis.
Read more Business News
|QHR Technologies Inc||1.24||+0.04|
|Anavex Life Sciences||0.36||-0.01|
|Copper Mountain Mining||1.59||+0.03|
This column is the last of three, for how to prove your personal injury claim. It is the piece de resistance of the trilogy, the Chuck Norris piece – the final say! As mentioned in the first two...
The bank manager just phoned and asked for full and immediate repayment of the line of credit because the latest, (and they were late!), financial statements showed continuing losses and falling sales...
Recently I recorded a video series for my keynote speaking business. It was called from Faith to Future. In one of the episodes, I talked about the concept of using hard work to get out of a difficul...
- Expert tells jury Warhol portrait of Fawcett at centre of dispute is worth $12 million
- Newfoundland premier will announce financing for $7.7B hydro project: sources
- Judge orders Colo. cake-maker to serve gay couples for wedding celebrations
- Custom offers, guidance as you walk around Apple stores with precise location technology
- Most actively traded companies on the TSX, TSX Venture Exchange markets
- Housing starts fall in November: CMHC
- Markets advance, strong U.S. jobs data competes with Fed tapering concerns
- Canadian dollar closes lower amid strong Canadian, U.S. jobs reports
- Google, Facebook, other major tech companies call for tighter controls on government snooping
- Canadian big banks post record profits in 2013, but outlook raises concern
- Ontario company to be sentenced in deadly Toronto propane plant blast
- Singer Bocelli visits MIT for workshop on adaptive technology for the visually impaired