Cargojet reports $19.1M third-quarter profit, up from $8.8 million last year
Detailed summary
Cargojet Inc. more than doubled its profit in the third quarter, compared to the same period last year.
MISSISSAUGA — Cargojet Inc. more than doubled its profit in the third quarter, compared to the same period last year.
The company reported net earnings of $19.1 million during the third quarter, up from $8.8 million a year earlier.
That amounted to diluted earnings per share of $1.28 compared with 58 cents during the prior-year quarter.
Cargojet says its total revenue reached $286.5 million during the quarter, rising year-over-year from $219.9 million during last year’s third quarter.
CEO Pauline Dhillon says the company remains focused on pursuing strategic international growth opportunities.
She says the company will look to ramp up operations to meet increasing customer demand as it enters its fourth-quarter peak season.
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