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Strong first quarter for TransForce

MONTREAL, Que. - TransForce Income Fund has announced continued growth in its financial results for the first quarter ended March 31.


MONTREAL, Que. – TransForce Income Fund has announced continued growth in its financial results for the first quarter ended March 31.

TransForce increased quarterly revenues by 7% to $464.8 million compared with $433.8 million in the same period a year earlier. EBITDA (earnings before interest, taxes, depreciation and amortization and equivalent to operating income on TransForce’s financial statements) was $52.7 million for the quarter, an increase of 7% from the $49.1 million reported for the first quarter of fiscal 2006.

Cash flow from operating activities, before net change in non-cash working capital balances, was $45 million in the first quarter, compared with $41 million in the first quarter of 2006.


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