CCL Industries Inc. Q3 Profit Advances

(RTTNews) - CCL Industries Inc. (CCL_A.TO) released earnings for its third quarter that Increased, from the same period last year

The company's bottom line totaled C$210.8 million, or C$1.20 per share. This compares with C$191.7 million, or C$1.07 per share, last year.

The company's revenue for the period rose 6.3% to C$1.965 billion from C$1.849 billion last year.

CCL Industries Inc. earnings at a glance (GAAP) :

-Earnings: C$210.8 Mln. vs. C$191.7 Mln. last year. -EPS: C$1.20 vs. C$1.07 last year. -Revenue: C$1.965 Bln vs. C$1.849 Bln last year.

*Earnings per Class B share

Excluding items, earnings per Class B share stood at C$1.21 as against C$1.09 per share in the same period last year.

This third-quarter revenue growth reflects an organic growth of 3.7%, acquisition-related growth of 0.1%, and a 2.5% positive impact from foreign currency translation.

The Board will pay a quarterly dividend at C$0.32 per Class B non-voting share and C$0.3175 per Class A voting share on December 30 to shareholders of record as of December 16.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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