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MENAFN - 23/01/2013

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(MENAFN) Railroad operator Kansas City Southern reported a 4 percent decline in quarterly profit on lower coal demand, AP reported.

The company said it made USD92 million net profit during the fourth quarter ended in December, down from USD96 million a year earlier.

The company also reported a 7 percent increase in quarterly revenue to USD578.4 million from a year ago.

This was helped by a 33 percent increase in revenue from hauling automotive products, and a 14 percent increase in revenue from carrying chemicals and petroleum, which helped make up for weaker revenue from hauling coal.

The industry was also dragged down by widespread drought, which hurt grain shipments.

For the full-2012, revenue rose to USD2.2 billion from USD2.1 billion in 20122, and net income rose to USD377.1 million from USD328.7 million.

 






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