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Canam (CAM) reported fourth quarter net income of C$3.3 million, or C$0.07/share, up from C$1 million, or C$0.02/share in 4Q 2010. Earnings beat the Street’s C$0.01/share, ranging from C$0.06/share to a loss of C$(0.03)/share. Sales for the period rose by 17.4% to C$286.3 million from C$243.8 million in the year-ago period.

The company said that while it is too early to make any forecast for 2012, markets should be able to continue in the upward trend that began last year.

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