CanWel posts Q3 gains

VANCOUVER — CanWel’s revenues for the third quarter increased to $227 million compared to $205 million in the same period in 2013, an increase of 10.7%, a result the company attributes to a continued focus on its target customer base, along with improved market conditions and overall increased activity level. Gross margin for the period amounted to $27.4 million, a 15% increase over $23.8 million during the same period in 2013. Gross margin percentage increased to 12.1% of revenues versus 11.6% in 2013.