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COMPETITION WATCH: Trimac posts strong Q4 results

CALGARY, Alta. -- Trimac closed the books on 2010 with a strong fourth quarter and full-year 2010.


CALGARY, Alta. — Trimac closed the books on 2010 with a strong fourth quarter and full-year 2010.

The company reported net earnings of $4.2 million for the fourth quarter, up from $1.2 million in the same period of 09. For the full year, Trimac reported profits of $13.4 million, up from $5.4 million in 2009.

“The Partnership’s results in 2010 were significantly improved over 2009,” said Edward Malysa, president and CEO of Trimac. “Our revenue increased by approximately 11% with improved EBITDA of 14%. This was due to an improved economy, increased business levels with our long-term blue chip customer base, and our dedicated professional drivers and support team of mechanics, technicians and administrative staff.”


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