November 15, 2007
Bird Construction Income Fund sees profits double in third-quarter earnings
Bird Construction Income Fund says its third-quarter profit nearly doubled on higher revenues and hiked its distribution 25 per cent.
The company also announced a special year-end distribution. The Toronto-based construction firm reported a profit of $11.3 million, or 82 cents per unit, for the three months ended Sept. 30 compared to net income of $6.5 million, or 47 cents per unit in the 2006 quarter. Revenues were $226 million in the period compared to $146 million.
DCN News Services
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