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Finning records record second quarter earnings for 2011

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by Journal Of Commerce

Vancouver-based construction equipment dealer Finning has reported record earnings for the second quarter of 2011.

Vancouver-based construction equipment dealer Finning has reported record earnings for the second quarter of 2011.

Second quarter profit increased to $82 million, from $36 million one year ago. Revenue climbed 39 per cent to $1.5 billion.

In its earnings release, Finning credited the surge to “exceptionally strong new equipment sales.”

The report also stated that the five-week labour stoppage from earlier in the year will affect its third quarter 2011 earnings.

JOC DIGITAL MEDIA

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