(Mississauga) Cargojet Inc. posted a profit of $83.4 million in the third quarter, compared with a loss a year ago, as revenue rose more than 20%.
Posted at 10:40 a.m.
The company says its net income was $4.77 per share for the quarter ended Sept. 30.
The result compares with a net loss of 12.9 million or 74 cents per share in the same quarter last year.
Revenues totaled 232.7 million, compared to 189.5 million in the third quarter of 2021.
On an adjusted basis, Cargojet says it earned $2.18 per share, compared to adjusted earnings of $1.39 per share a year earlier.
Cargojet provides air cargo services to major cities in North America with a fleet of 34 aircraft.
Companies in this story: (TSX: CJT)