COMPETITION WATCH: Trimac posts Q4 revenue gains, but flat profits

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CALGARY, Alta. –Trimac grew its Q4 revenue 15.4% to $87 million and held its profit steady at $4.3 million compared to the same period in 2010.

Revenue excluding fuel surcharges was up 9.3% to $75.3 million in the fourth quarter, which Trimac attributes to increased revenue volumes from existing customers and new business awards.

For the year ending Dec. 31, 2011, Trimac reported total revenues of $332.1 million, a 13.7% gain over 2010 and an adjusted net income of $11.1 million, down 4.3% compared to 2010.

“The first half of 2011 was challenging due to the wet weather and the decreased activity in various sectors in the eastern provinces, however, we were able to overcome these challenges and finish the year off with a 4.6% increase to our EBITDA, so I am very pleased with the results,” said Edward V. Malysa, president and chief operating officer of Trimac.

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