Intertape Polymer Group reports profit of $17.5 million in fourth quarter

VILLE ST LAURENT, Quebec (AP) Intertape Polymer Group Inc. (ITPOF) on Thursday reported fourth-quarter profit of $17.5 million.

The Ville St Laurent, Quebec-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.

The packaging company posted revenue of $195.7 million in the period.

For the year, the company reported profit of $56.7 million, or 93 cents per share. Revenue was reported as $781.9 million.

Intertape Polymer shares have fallen slightly more than 5 per cent since the beginning of the year. The stock has declined 13 per cent in the last 12 months.

The Associated Press