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Mergers News

Onex profit more than triples

TORONTO, Aug 9 (Reuters) - Buyout conglomerate Onex Corp. OCX.TO said on Thursday that its second quarter profit more than tripled and said it is "very optimistic" about its ability to finance deals despite recent debt-market turbulence. Onex, which has investments in industries as diverse as electronics manufacturing, cosmetics and aerospace, said it earned C$166 million ($156.6 million), or C$1.29 per share, in the three months ended June 30. That was up from a profit of C$48 million, or 36 Canadian cents a share, in the same period a year earlier.

($1=$1.06 Canadian)

((Reporting by Wojtek Dabrowski, editing by Rob Wilson; E-mail: wojtek.dabrowski@reuters.com; Reuters Messaging: wojtek.dabrowski.reuters.com@reuters.net. Telephone: +1-416-941-8009)) Keywords: ONEX RESULTS/

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