Cervus Equipment 2Q Revenues Grow 34%

Cervus Equipment, John Deere’s largest ag equipment retailer in Western Canada, reported on August 9 that its second quarter 2012 gross revenues rose to $196.7 million (+34%) from $147.1 million in the same period of 2011. Net profit for the three-month period also grew by $1.7 million to $7.4 million vs. second-quarter 2011 profits of $5.7 million. 

The dealer group also saw EBITDA increase by $3.4 million or 31.9% to $14.1 million in the second…

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