UPDATE 1-Toromont Industries profit, sales rise

Newswire

OTTAWA, Feb 24 (Reuters) - Industrial equipment supplier Toromont Industries Ltd reported a 13 percent increase in quarterly profit on Thursday and said the outlook for 2011 is "positive". The company, which sells, rents and services a broad range of Caterpillar Inc heavy construction and industrial equipment, said it earned C$35.4 million ($36.1 million), or 47 Canadian cents a share, in the fourth quarter ended Dec. 31. That compares with a profit of C$31.4 million, or 48 Canadian ...

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