The company raised its semi-annual dividend by 20 percent to 24 Canadian cents per share.
The company, which supplies poles and railroad ties by treating wood it buys from sawmills, reported a net income of C$10.8 million, or 67 Canadian cents a share, compared with C$3.0 million, or 24 Canadian cents a share, a year ago.
Sales more than doubled to C$133.1 million. (Reuters)