Toromont reports 18 percent rise in profit

Newswire

TORONTO, Oct 30 (Reuters) - Industrial equipment supplier Toromont Industries said on Tuesday earnings rose 18 percent in the third quarter, due primarily to growth in its equipment group. The company said it earned C$30.7 million, or 47 Canadian cents a share, in the quarter, up from C$25.9 million, or 41 Canadian cents a share, in the year-earlier period. ($1=$0.95 Canadian)

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