Parkland Fuel Corp. reports all-time profit

Parkland Fuel Corp. (TSX: PKI) is reporting 2012 earnings of $84.9 million, a 93 per cent improvement on its 2011 performance of $43.9 million and an all-time high for the Red Deer-based company.

Parkland, which is Canada’s largest independent marketer and distributor of petroleum products, saw its 2012 revenues increase by four per cent, to $4.13 billion from $3.98 billion. Earnings per basic share jumped 73 per cent, to $1.28 from 74 cents — and the company announced that it is increasing its annual dividend by two cents, to $1.04.

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