Canadian Pacific Kansas City, Ltd., says it affects her financial expectations for this year due to uncertainty about customs tariffs and commercial policy.
Railways say it expects to increase the profits of one share between 10 and 14 percent this year, instead of 12 to 18 percent as expected previously.
Railways and locomotives are displayed in CPKC RAILYARD in Calgary on August 22, 2024. The Calgary -based company has reduced its financial expectations for the next year amid commercial uncertainty, despite the increase in the first quarter profit.
Canadian press/Jeff McCain
The directive, which was reduced, comes in spite of the 7 percent increased income to $ 909 million in the last quarter of CPKC for $ 774 million in the same period in the previous year.
The Calgary -based company says that the revenue grew by eight percent to $ 3.80 billion in the three months ending March 31 from $ 3.52 billion in the previous year.
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The reduced profits increased to 97 cents per share from 83 cents per share.
Keith Kerrel, CEO of Pacific Cenadian, says that increased uncertainty fed by identification transfers and the risk of stagnation have pushed the company’s more moderate profit expectations.
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