C H Robinson sees profits surge in 2002

C H Robinson Worldwide Inc has reported financial results for the three months and nine months ended Sept 30, 2002.

For third-quarter 2002, gross profits increased 8.7% to $123.1 million from $113.2 million in 2001. Income from operations rose 21.8% to $42.4 million from $34.8 million in 2001. Net income climbed 14.7% to $26.0 million from $22.6 million in 2001.

For the first nine months of 2002, gross profits increased 4.0% to $358.3 million from $344.5 million in 2001. Income from operations advanced 16.4% to $117.2 million from $100.7 million in 2001. Net income gained 13.6% to $72.0 million from $63.4 million in 2001.

Results from third-quarter and the first nine months of 2001 include other income of $2.0 million from unusual items, principally a gain on sale.