Toronto-based BFI Canada reported a net income of $12.3 million on revenues of $278.8 million for the first quarter of 2009 (all amounts are in Canadian dollars). Both figures compare favorably to first-quarter 2008, when the firm reported a net income of $10.5 million on revenues of $244.3 million.
“We are very pleased with our strong performance in the first quarter, the result of year-over-year improvement in profitability, margins and free cash flow,” said Keith Carrigan, vice chairman and CEO of BFI Canada, in a press release. “These milestones were achieved in spite of a difficult economic environment. EBITDA increase 16.7 percent over the same period last year, while free cash flow grew 22.5 percent.”
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