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CP 2020 profits flat at US$1.9 billion - ditto for sales at $6 billion
来源：Shipping News Headlines 编辑：编辑部 发布：2021/02/24 10:28:45
THE Canadian Pacific Railway (CP) posted a 0.16 per cent year-on year increase in 2020 net profit to C$2.444 billion (US$1.922 billion), drawn on revenues of C$7.710 billion, down 0.16 per cent.
Fourth quarter revenues decreased three per cent to C$2.01 billion from which profit was expressed "as diluted earnings per share of $5.95 and record adjusted diluted EPS of $5.06".
Said CP president and CEO Keith Creel: "I'm proud to say that our 2020 full-year results exceeded our expectations, in what has been one of the most challenging years any of us have faced.
"Despite the continued Covid-19 impacts, volumes steadily improved over the second half of 2020 and we saw revenue ton mile growth in the fourth quarter," he said.
"The uncertainty caused by Covid dramatically disrupted global supply chains. By leveraging our unique growth opportunities and applying our precision scheduled railroading operating model, CP is continuing to lead the industry. The momentum we've created in the fourth quarter will continue into 2021," he said.
Fourth quarter revenues decreased three per cent to C$2.01 billion from which profit was expressed "as diluted earnings per share of $5.95 and record adjusted diluted EPS of $5.06".
Said CP president and CEO Keith Creel: "I'm proud to say that our 2020 full-year results exceeded our expectations, in what has been one of the most challenging years any of us have faced.
"Despite the continued Covid-19 impacts, volumes steadily improved over the second half of 2020 and we saw revenue ton mile growth in the fourth quarter," he said.
"The uncertainty caused by Covid dramatically disrupted global supply chains. By leveraging our unique growth opportunities and applying our precision scheduled railroading operating model, CP is continuing to lead the industry. The momentum we've created in the fourth quarter will continue into 2021," he said.