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UPDATE: Cervus Equipment Edges Lower As Announces 2012 Year End Results; Shares Rose 3.5% Thursday

Cervus Equipment Corp. (CVL.TO) said profit attributable to shareholders for the year increased by 32.3% to $24.4 million for the year ended 2012 from $18.4 million in 2011. Basic earnings per share increased to $1.65 per share or 29.9% from $1.27 per share in 2011. Diluted EPS was up 29.5% to $1.58. But cash per share basic fell 28% to $1.28.

Cervus acquires and manages authorized agricultural, commercial, industrial and transportation equipment dealerships with interests in 55 dealership locations in Western Canada, New Zealand, and Australia

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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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