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United Tech posts profit ahead of Street, more bullish on 2014

(Reuters) - United Technologies Corp <UTX.N> reported a lower quarterly net profit on Tuesday, weighed down by restructuring costs, but the diversified manufacturer's profit and revenue topped Wall Street's forecast. United Tech, a large manufacturer of elevators, jet engines and climate control systems, also lifted the low end of its 2014 earnings forecast. First-quarter net income fell 4 percent to $1.21 billion, or $1.32 per share, from a year earlier, when the company received some one-time benefits.

AutoCanada shares soar on record earnings, sales; prospects for greater expansion

TORONTO - Shares in AutoCanada Inc. (TSX:ACQ) rose sharply Friday, a day after Canada's largest publicly traded auto dealership owner and operator reported strong earnings and vigorous expansion plans. On the Toronto Stock Exchange, AutoCanada shares climbed $4.35 $54.99, an increase of or 8.59 per cent in the wake of what the company said was a record year for sales and earnings.

Boyd Group posts higher Q4 revenue, adjusted earnings but $6.9 million net loss

WINNIPEG - Boyd Group Income Fund (TSX:BYD.UN) says its North American auto repair business showed strong revenue growth and higher adjusted earnings in the fourth quarter of 2013, but also a net loss due to non-cash expense items required under standard accounting rules. Total sales for the Winnipeg-based fund were up 40 per cent to $161.1 million, from $115 million a year earlier, due to acquisitions and internal growth. Boyd's adjusted net earnings were $6.4 million or 44.6 cents per unit, up from $5.0 million or 39.8 cents per unit.

German fertiliser group K+S reports falling profits

K+S, the German fertiliser manufacturer, said on Thursday it expected sales and profits to fall this year after a difficult 2013. "The year 2013 was associated with great challenges for the K+S group," said chief executive Norbert Steiner. Net profit tumbled 18.8 percent to 437.1 million euros ($609 million) in 2013. Underlying or operating profit was down 18.4 percent at 655.9 million euros while revenues were more or less stable, inching 0.4 percent higher to 3.950 billion euros.

Eurotunnel reports profit jump, sees end of bad times

Eurotunnel, which operates the undersea tunnel between France and England, reported on Thursday that it tripled net profit last year. And for the first time the company, which has been through some bad times since it began operations 20 years ago this year, set targets for gross operating profit, giving estimates for this year and next. Net profit last year totalled 101 million euros (84.6 million pounds, $141 million) from 32 million euros in 2012.

Eurotunnel reports profit jump, sees end of bad times

Eurotunnel, which operates the undersea tunnel between France and England, reported on Thursday that it tripled net profit last year. And for the first time the company, which has been through some bad times since it began operations 20 years ago this year, set targets for gross operating profit for the first time, giving estimates for this year and next. Net profit last year totalled 101 million euros (84.6 million pounds, $141 million) from 32 million euros in 2012.

Hugo Boss sees higher sales, earnings after record 2013

German fashion house Hugo Boss Thursday unveiled record-high sales and earnings in 2013 and said it would improve on this performance this year despite a "challenging" economic environment. Hugo Boss said group sales grew by 4.0 percent to 2.346 billion euros ($3.4 billion) last year and underlying profit, as measured by earnings before interest, depreciation and amortisation (EBITDA), rose by 7.0 percent to 564.7 million euros. Net profit was up 7.0 percent at 329 million euros.

Aecon increases dividend despite big drop in Q4 net profit, fall in revenue

TORONTO - Aecon Group Inc. (TSX:ARE) is increasing its dividend by more than 12 per cent despite reporting lower revenue and earnings in its most recent period. The Toronto-based provider of construction, contracting and infrastructure development services across Canada says its quarterly dividend will be increased a penny to nine cents per share payable April 1 to shareholders of record March 21. Aecon said Tuesday that its net profit fell to $28.3 million or 48 cents per diluted share in the three months ended Dec. 31 from $56.3 million or 71 cents in the same 2012 period.

Endeavour Silver feels effects of big price declines; posts Q4 loss of $115.8M

VANCOUVER - Endeavour Silver Corp. (TSX:EDR) cited lower metals prices as well as the effect of higher taxes and other costs at its operations in Mexico among reasons for swinging to a big loss in the fourth quarter. The Vancouver-based miner says its net loss in the three months ended Dec. 31 was US$115.8 million or $1.16 per share compared with a net profit of US$14.8 million or 15 cents per share in the same 2012 period.

Penn West Petroleum records $728-million net loss, lower funds flow in Q4

CALGARY - Penn West Petroleum Ltd. (TSX:PWT) had a $728-million net loss in the fourth quarter, mostly due to non-cash asset impairment charges related to the company's disposal of natural gas assets late last year as it focuses on light oil production in Western Canada. The loss amounted to $1.49 per share and compared with a year-earlier net loss of 16 cents per share, when the overall loss was $78 million.
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