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Finning reports lower Q1 profit despite 7%boost in revenue to $1.68B
Original Publication Date: May 13, 2014 7:48AM
Publication Updated: January 8, 2025 11:13PM
VANCOUVER – Finning International Inc. (TSX:FTT) has reported a decline in first-quarter net income despite a seven per cent increase in revenue. Finning, the world’s largest Caterpillar equipment dealer, says net income in the three months ended March 31 was $68 million of 39 cents per share, down from $73 million or 43 cents in the same 2013 period. Revenue was $1.68 billion, up from $1.56 billion.
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