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McCoy FY11 Profit Surges

McCoy Corp. (MCB.TO: Quote), a company which provides services to the energy sector, reported full-year net earnings of C$11.9 million or C$0.45 per share, up from last year's C$5.4 million or C$0.20 per share.

Earnings from continuing operations increased to C$11.7 million or C$0.44 per share, from C$5.6 million or C$0.21 per share in the year-ago quarter.

Total revenue for the quarter increased 53 percent to C$153.8 million from C$100.8 million last year.

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by RTT Staff Writer

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