REFILE-UPDATE 1-Canada’s Marsulex Q3 profit rises

(Refiles to remove extraneous word from headline)

* Q3 earnings C$0.28/basic shr vs C$0.23 a yr ago

* Q3 rev up 12 pct at $76.1 mln

* Says strategic review continues

Nov 3 (BestGrowthStock) – Canada’s Marsulex Inc (MLX.TO: ), which
provides environmental compliance solutions to industries,
posted a 22 percent rise in quarterly profit, helped by strong
demand from pulp customers and a rise in volume of
sulphur-based products.

The company posted net income from continuing operations of
C$9.4 million, or 28 Canadian cents per basic share, compared
with net income of C$7.7 million, or 23 Canadian cents per
basic share, a year ago.

Revenue for the quarter rose 12.2 percent to C$76.1
million.

The company said industrial services EBITDA for the quarter
rose about 19 percent to $11.5 million.

Marsulex, which had earlier in the year said it began a
review of options including a sale of all or part of its
business, continues to look for strategic alternatives.

In September, Marsulex said it agreed to sell its Stablex
division, a provider of hazardous waste services, to US Ecology
Inc (ECOL.O: ) for C$80 million to repay debt. [ID:nSGE68C0HS]

Shares of Toronto-based Marsulex, which have gained 6
percent in value since the sale of Stablex was announced in
September, closed at C$11.62 Wednesday on the Toronto Stock
Exchange.
(Reporting by Arnika Thakur and Aftab Ahmed in Bangalore;
Editing by Gopakumar Warrier)

REFILE-UPDATE 1-Canada’s Marsulex Q3 profit rises