Ritchie Bros. profits up 2 per cent to $14.3M in Q1, revenues down 3 per cent

A heavy equipment auction is pictured in Orlando in 2007. THE CANADIAN PRESS/HO, Ritchie Bros. Auctioneers Inv.

May 05, 2014 - 4:28 AM

VANCOUVER - Ritchie Bros. Auctioneers Inc. (TSX:RBA) reports first-quarter net earnings of $14.3 million, or 13 cents per diluted share, up two per cent. That compares with $14 million, or 13 cents per diluted share, in the same quarter of last year. Revenues for the auctioneer or heavy equipment were down three per cent to $98.6 million, compared to $102.1 million year-over-year.

News from © The Canadian Press, 2014

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Ritchie Bros. profits up 2 per cent to $14.3M in Q1, revenues down 3 per cent

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