Agriculture

The Canadian Press - ONLINE EDITION

Ritchie Bros. Q4 per-share profit falls 16 per cent as overhead expenses rise

By: The Canadian Press

Posted: 02/26/2013 6:59 AM | Comments: 0

VANCOUVER - Ritchie Bros. Auctioneers Inc. (TSX:RBA) reports it had $22.1 million or 21 cents per share of profit in the fourth quarter, a 16 per cent decline from the year-earlier period. Revenue from auction services improved to $117.1 million from $113.4 million in the fourth quarter of 2011. However, overhead expenses were higher, reducing earnings from operations to $33.1 million from $38.8 million.

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