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Ritchie Bros announces Q3 earnings

Ritchie Bros. Auctioneers Inc. has announced net earnings for the nine months ended September 30, 2008 of US$74.3 million (Rs35 crore).

The company conducted 134 unreserved industrial auctions in 12 countries throughout North America, Europe, the Middle East, Asia and Australia during the first nine months of 2008 and set 10 regional gross auction proceeds records during the period.

In Q3 2008, the company achieved gross auction proceeds of $767.7 million (Rs369 crore), 15% higher than the comparable quarter in 2007.

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