ATCO Ltd. (TSX:ACO.X) reports increase in Q1 earnings to $110M; revenues top $1 billion Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Diversified energy distribution and workforce housing company ATCO Ltd. (TSX:ACO.X) reported a big increase in first-quarter profit and revenue on Friday.
Calgary-based ATCO, which is involved in the generation and transmission of electrical power as well as the distribution of natural gas among other its various businesses, reported quarterly profits attributable to shareholders of $110 million or $1.89 per share.
That compared with earnings of $90 million or $1.54 per share in the same 2010 quarter.
Revenues in the three months ended March 31 were $1.02 billion, up from $908 million.
The company said the increase in revenues was primarily due to higher flow through natural gas sales and higher Alberta power pool prices along with increased manufacturing and rental activity at its Structures & Logistics segment, which provides transportable workforce housing and space rentals products.
Those increases in revenue were partially offset by the expiry of its Barking generating plant’s revenue contract in the third quarter of 2010.
In addition, the first quarter of 2010 included one-time revenues of $65 million related to the lease of the first unit of the Karratha plant in Australia, the company said in a release.
Meanwhile, an ATCO subsidiary, Canadian Utilities Ltd. (TSX:CU), also reported its quarterly results Friday, which showed an increase in earnings attributable to shareholders to $176 million or $1.34 per share, from $150 million or $1.14 per share in the 2010 period.
Revenue at Canadian Utilities was $809 million, up from $769 million in the prior-year period.
On the Toronto Stock Exchange, ATCO stock was up 21 cents at $58.08 at midday Friday, while Canadian Utilities shares were down 40 cents at $53.29
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Diversified energy distribution and workforce housing company ATCO Ltd. (TSX:ACO.X) reported a big increase in first-quarter profit and revenue on Friday.
Calgary-based ATCO, which is involved in the generation and transmission of electrical power as well as the distribution of natural gas among other its various businesses, reported quarterly profits attributable to shareholders of $110 million or $1.89 per share.
That compared with earnings of $90 million or $1.54 per share in the same 2010 quarter.
Revenues in the three months ended March 31 were $1.02 billion, up from $908 million.
The company said the increase in revenues was primarily due to higher flow through natural gas sales and higher Alberta power pool prices along with increased manufacturing and rental activity at its Structures & Logistics segment, which provides transportable workforce housing and space rentals products.
Those increases in revenue were partially offset by the expiry of its Barking generating plant’s revenue contract in the third quarter of 2010.
In addition, the first quarter of 2010 included one-time revenues of $65 million related to the lease of the first unit of the Karratha plant in Australia, the company said in a release.
Meanwhile, an ATCO subsidiary, Canadian Utilities Ltd. (TSX:CU), also reported its quarterly results Friday, which showed an increase in earnings attributable to shareholders to $176 million or $1.34 per share, from $150 million or $1.14 per share in the 2010 period.
Revenue at Canadian Utilities was $809 million, up from $769 million in the prior-year period.
On the Toronto Stock Exchange, ATCO stock was up 21 cents at $58.08 at midday Friday, while Canadian Utilities shares were down 40 cents at $53.29
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
ATCO Ltd. (TSX:ACO.X) reports increase in Q1 earnings to $110M; revenues top $1 billion Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Diversified energy distribution and workforce housing company ATCO Ltd. (TSX:ACO.X) reported a big increase in first-quarter profit and revenue on Friday.
Calgary-based ATCO, which is involved in the generation and transmission of electrical power as well as the distribution of natural gas among other its various businesses, reported quarterly profits attributable to shareholders of $110 million or $1.89 per share.
That compared with earnings of $90 million or $1.54 per share in the same 2010 quarter.
Revenues in the three months ended March 31 were $1.02 billion, up from $908 million.
The company said the increase in revenues was primarily due to higher flow through natural gas sales and higher Alberta power pool prices along with increased manufacturing and rental activity at its Structures & Logistics segment, which provides transportable workforce housing and space rentals products.
Those increases in revenue were partially offset by the expiry of its Barking generating plant’s revenue contract in the third quarter of 2010.
In addition, the first quarter of 2010 included one-time revenues of $65 million related to the lease of the first unit of the Karratha plant in Australia, the company said in a release.
Meanwhile, an ATCO subsidiary, Canadian Utilities Ltd. (TSX:CU), also reported its quarterly results Friday, which showed an increase in earnings attributable to shareholders to $176 million or $1.34 per share, from $150 million or $1.14 per share in the 2010 period.
Revenue at Canadian Utilities was $809 million, up from $769 million in the prior-year period.
On the Toronto Stock Exchange, ATCO stock was up 21 cents at $58.08 at midday Friday, while Canadian Utilities shares were down 40 cents at $53.29
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk