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Russel Metals reports profit drop, higher revenue due to metals, energy demand

Canadian Press, The Canadian Press
0 Comments| May 3, 2013

TORONTO - Russel Metals Inc. (TSX:RUS) is reporting a 34 per cent drop in profit for the first quarter, but recorded higher revenues due in part to the acquisition last year of Apex Distribution.

"The performance of Apex Distribution was the bright spot in the first quarter and validated our strategic acquisition of this operation," said president and chief executive Brian Hedges.

© The Canadian Press, 2013

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