CCL Industries Reports 4Q, Full Year Results
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EBITDA for the fourth quarter of 2011 was $54.7 million, an increase of 15.2 percent compared to $47.5 million in the comparable prior year three-month period.
In addition to the improvements recorded in the business segments, corporate expense and net finance cost for the current quarter decreased $1.4 million compared to the same period a year ago. The Company's equity accounted investments in Russia and the Middle East contributed fourth quarter earnings of $1.4 million compared to a loss of $0.1 million in the comparable prior year period. Consequently, net earnings for the fourth quarter of 2011 increased significantly to $18.4 million, compared to $13.3 million for the comparable quarter in 2010.
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