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14 Feb
22:18

Russel nearly doubles year-on-year profits

North American service centre chain Russel Metals almost doubled its yearly income in 2017, Kallanish learns from the company’s year-end earnings review. The Toronto-based chain earned $99.26 million on sales of $2.64 billion in 2017, up from $50.43m on sales of $2.08 billion in 2016. “We have simplified the capital structure and improved our operating efficiencies since the last downturn and we are very encouraged that our earnings are as strong …
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