Trimac Reports Fourth-Quarter Profit

Canada-based transportation firm Trimac Income Fund said its fourth-quarter net earnings were C$2.2 million or about 9 cents per unit, compared with C$3.1 million or 8 cents a year earlier.

Revenue rose to C$48.1 million, from C$44.8 million, Trimac said late Friday.

For the full year, Trimac earned C$17.4 million, or 50 cents per unit, compared with C$17 million, or 38 cents, a year earlier. Revenue rose to $C330 million, from C$323.4 million.

The company does not include its U.S. operations in its publicly stated earnings, which only encompass Trimac Income Fund and its Canadian operations.

Trimac Group is ranked No. 48 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.