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Celadon reports big jump in earnings on higher revenue

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Celadon Group Inc. on Monday reported a 63.6-percent increase in earnings in its latest fiscal quarter on higher revenue.

The Indianapolis-based trucking firm said earnings rose to $9 million, or 39 cents per share, in the fiscal fourth quarter, which ended June 30. That's an improvement from $5.5 million, or 24 cents, in the fourth quarter of fiscal 2011.

Quarterly revenue rose 4 percent, to $157.5 million.

"Several key factors attributed to the improvement, including an increase of 4.1 percent in rates, a decrease in overall equipment costs and a decrease in operations and maintenance expense," Celadon said in a prepared statement about the quarterly results.

For the fiscal year, Celadon revenue increased 5.4 percent, to $599 million. Earnings rose 67.8 percent, to $25.5 million.

The company approved a cash dividend to shareholders for the quarter ending Sept. 30 of 2 cents per share.

Celadon stock rose 4 cents Monday, to $14.58 per share, before the company reported financial results.
 

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

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