CALGARY - Canadian Pacific Railway Ltd. reported a record fourth-quarter profit as it seized on higher crude volumes and overcame a late grain harvest and other headwinds to boost profits by 22 per cent. The Calgary-based railway said its profit amounted to $4.82 per diluted share for the quarter ended Dec. 31, up from $3.83 per diluted share a year ago. YOU MIGHT BE INTERESTED IN...On an adjusted basis, CP Rail says it earned $4.77 per diluted share in the quarter, up from $4.55 per diluted share a year ago. That compared with net income of $1.95 billion or $13.61 per diluted share on nearly $7.32 billion in revenue in 2018. On an adjusted basis, CP said it earned $16.44 per diluted share in 2019, up from an adjusted profit of $14.51 per diluted share in 2018.

Source: thestar January 29, 2020 13:38 UTC