* Q1 EPS C$0.03 vs C$0.01 yr ago
* Revenue up 189 pct to C$77.3 mln
May 14 CVTech Group Inc CVT.TO, a Canadian
electrical services provider, posted a nearly seven-fold jump
in quarterly earnings, as energy segment revenue soared, helped
by winter storms that hit the northeast United States.
For the first quarter, net income was C$2.2 million ($2.16
million), or 3 Canadian cents a share, compared with C$323,000,
or 1 Canadian cent a share, a year ago.
Revenue rose 189 percent to C$77.3 million. Revenue at its
energy segment more than tripled to C$70.9 million.
Analysts on average were expecting the company to earn 4
cents per share, according to Thomson Reuters I/B/E/S.
Drummondville, Quebec-based CVTech's shares, which have
lost nearly 25 percent of their value in the last three months,
closed at C$1.18 on the Toronto Stock Exchange.
($1=1.021 CANADIAN DOLLAR)
(Reporting by Abhiram Nandakumar in Bangalore; Editing by Maju