Parkland Corp. reported a 23% increase in Q4 earnings to $86M, despite a 9% drop in sales and a closed refinery.
Parkland Corp. reported a 23% increase in Q4 earnings to $86M from $69M the previous year, with earnings per diluted share rising to 48 cents from 39 cents. Despite a 9% drop in sales and operating revenue to $7.7B from $8.7B, adjusted earnings rose in the international segment. Parkland increased its quarterly dividend to 35 cents from 34 cents per common share. The Burnaby, B.C. refinery, closed since Jan. 21 due to technical issues, has completed repairs and is expected to resume normal operations in early March.
February 27, 2024
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