REFILE-CP Railway profit rises as freight revenue rises

Wed Apr 24, 2013 7:46am EDT

April 24 (Reuters) - Canadian Pacific Railway Ltd, Canada's No. 2 rail carrier, reported a 53 percent rise in first-quarter profit as freight revenue rose and it improved its efficiency.

Net income rose to C$217 million ($212 million), or C$1.24 per share, from C$142 million, or 82 Canadian cents per share, a year earlier.

Revenue rose 9 percent to C$1.50 billion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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