April 19 Canadian Pacific Railway Ltd
reported a 20.2 percent fall in quarterly profit from a
year earlier, which included a foreign exchange-related gain.
The No.2 Canadian railroad operator said on Wednesday net
income fell to C$431 million ($320 million), or C$2.93 per
share, in the first quarter ended March 31, from C$540 million,
or C$3.51 per share, a year earlier.
The year-ago quarter included a C$181 million gain from the
conversion of the company's U.S. dollar-denominated debt.
Revenue rose marginally to C$1.60 billion.
($1 = 1.3478 Canadian dollars)
(Reporting by Muvija M and Divya Grover in Bengaluru; Editing
by Sriraj Kalluvila)