WesternOne Equity Income Fund, Vancourver, British Columbia, Canada, the parent of WesternOne Rental & Sales, reported 197 percent growth in consolidated revenue and 169 percent growth in gross profit for the second quarter due to organic growth from WesternOne Rentals & Sales and additional earnings from Britco, which was acquireed in June 2011.
WesternOne Rentals & Sales showed a 15 percent increase in revenue from a year ago.
“We are delighted with the strong growth in our operating results for Q2 and year-to-date,” said Darren Latoski, Western One CEO. "WesternOne stands to benefit from continuous capital investments in the construction and infrastructure and resource sectors. We will continue to capitalize on this positive economic trend through executing disciplined growth initiatives.”