Contrans Group Inc. (CSS.TO) Monday reported first-quarter profit of C$4.8 million or C$0.14 per share, down from C$5.3 million or C$0.15 per share in the same period last year.
On average, five analysts polled by Thomson Reuters expected the company to earn C$0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues improved to C$134.8 million from C$121.4 million last year. Analysts expected revenues of C$127.40 million.
Gross margins dropped to 18.2 percent from 20.0 percent last year.
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